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OPPO inks deal with Nokia, signs 5G patent agreement

Tech giants OPPO and Nokia have signed a cross-license 5G patent agreement. The deal covers the standard-essential patents in 5G and other cellular communication technologies. According to a press release provided by OPPO, the two companies will resolve all pending litigation in all jurisdictions, although the specific terms remain confidential as per mutual agreement. The official statements from the two companies are as follows:

"We are pleased to have reached this global patent cross-license agreement with Nokia, which includes cross-licensing for 5G standard-essential patents. This agreement reflects the mutual recognition and respect for each other's intellectual property and lays the foundation for future collaboration between OPPO and Nokia. OPPO continues to advocate for reasonable royalty fees and a long-term approach to intellectual property that supports the resolution of disputes through amicable negotiations and mutual respect for the value of all intellectual property," said Feng Ying, Chief Intellectual Property Officer at OPPO.

"We are delighted to have reached a cross-license agreement with OPPO that reflects the mutual respect for each other's intellectual property and Nokia's investments in R&D and contributions to open standards. OPPO is one of the leading companies in the global smartphone market and we look forward to working together to bring further innovation to their users around the world. The new agreement - along with the other major smartphone agreements we have concluded over the past year - will provide long-term financial stability to our licensing business," said Jenni Lukander, President of Nokia Technologies.