OPPO has become the latest in the the long list of Smartphone manufacturers to pay royalties Nokia for its patent might. Nokia has today announced this new patent deal with OPPO in a press release.
Espoo, Finland – Nokia announced that it has signed a patent license agreement with OPPO.
Under the agreement, OPPO will make payments to Nokia for a multi-year license period.
“OPPO is one of the leaders in the smartphone industry and we are pleased to welcome them as a Nokia licensee,” said Maria Varsellona, Nokia Chief Legal Officer and President of Nokia Technologies. “This agreement further validates our global licensing program.”
The terms of the agreement remain confidential between the parties.
The press release doesn’t mention the amount that OPPO will pay to Nokia as payment royalty during the said multi-year licensing period. Though, it will be a substantial amount if we consider the already existing licensing agreements with likes of Samsung, Huawei, LG and many other.
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