Ericsson, OPPO patent licence deal
July 15, 2024
In addition to a cross licence, OPPO and Ericsson will conduct business cooperation on a number of projects related to 5G, including device testing, customer engagements and marketing activities.
Christina Petersson, Chief Intellectual Property Officer at Ericsson, said: “This important royalty bearing licence agreement with OPPO allows Ericsson to further invest in fundamental communications technologies. The license confirms that the patent licensing industry works and is proof that a vast majority of licence agreements are based on business negotiations. It also reflects the mutual respect for each other’s patent portfolio. We now look forward to growing Ericsson’s IPR revenues with additional 5G agreements and expansion into additional licensing areas, such as IoT and consumer electronics.”
This agreement is in line with global practice where companies that provide products using cellular 3GPP standards such as 5G need a licence agreement with patent holders in order not to infringe these patents, and also for patent holders to be compensated for their R&D investment.
The financial benefit of this agreement was already reflected in Ericsson’s Q2 2024 financial results.
Other posts by :
- Starlink struggling for approval on South Africa, India
- Impressive Starlink deployment rate
- Bank: Space industry worth $1tn by 2040
- Xona Space wants 259 LEO satellites
- 36 major airlines now committed to Starlink
- Quilty: Top 5 Washington Satellite show takeaways
- Space Wars: Starlink vs Amazon Leo
- Eutelsat seeks ISRO deal for launches
- Virgin Galactic sets prices for space tourists