Nokia and vivo Mobile have entered into a multi-year patent cross-license agreement, making waves across the tech industry.
Unpacking the Nokia and vivo Mobile 5G multi-year deal
Vivo, stepping up its game, will now leverage Nokia’s pioneering cellular tech, enhancing its devices with top-tier 5G capabilities. This partnership is more than just a handshake; it signifies a strategic move where vivo agrees to royalty payments to Nokia, squashing any previous patent disputes and setting a new course for collaboration.
This agreement spells big news for vivo Mobile’s market stance, particularly in offering 5G technology within affordable smartphone segments.
Vivo, known for its keen R&D investments, particularly in 5G, now proudly boasts over 6 000 families of 5G standard-essential patents. This move not only positions vivo as a frontrunner in the 5G arena but also democratises high-speed connectivity for the masses.
Imagine budget-friendly smartphones that don’t compromise on speed or connectivity – that’s the future vivo is sprinting towards. This deal with Nokia ensures vivo’s devices are not just competitively priced but are on the cutting edge of technology, providing users worldwide with exceptional hi-tech products and services.
Nokia’s agreement with Vivo Mobile is a larger strategic shift for the Finnish telecom giant, who, in October 2023, reported poor revenues for the third quarter, forcing massive layoffs.
Moving away from the fiercely competitive smartphone market, Nokia is doubling down on licensing its extensive patent portfolio. This pivot allows Nokia to leverage its rich heritage in telecom innovation without direct market competition.
With a portfolio ranked number one for patents declared essential for cellular standards, including 5G, Nokia is positioning itself as a key player in shaping the future of mobile communication, focusing on fostering innovation and providing stability to its licensing business.