According to Nokia, under the terms of the multi-year patent cross-license agreement vivo will make royalty payments to Nokia, along with catch-up payments to cover the dispute period. Nokia said it will begin recognising net sales from the deal in the first quarter of 2024.
"The agreement resolves all pending patent litigation between the parties, in all jurisdictions. The terms of the agreement remain confidential as agreed between the parties," Nokia said in a statement.
In the past year Nokia has agreed smartphone licensing deals with a number of other tech companies including Apple, Samsung, OPPO, Honor, and Huawei.
Jenni Lukander, president of Nokia Technologies, said: “This is the sixth major smartphone patent license agreement we have signed in the past thirteen months, and we have now almost completed our smartphone license renewal cycle. Together these licensing agreements demonstrate Nokia’s significant contribution to developing key technologies relied upon by the entire smartphone industry and they will provide long-term stability to our licensing business for years to come.”
The group last month said it expected Nokia Technologies, its intellectual property licensing business, to generate at least 1.4 billion euros of operating profit in 2024.
Nokia has invested around €150 billion invested in R&D since 2000 and has created of around 20,000 patent families, including over 6,000 patent families declared essential to 5G.
The company contributes its inventions to open standards in return for the right to license them. According to Nokia, companies can license and use these technologies without the need to make their own substantial investments in the standards, fueling innovation and the development of new products and services for consumers.