Breaking News

Qualcomm Redefining Wireless Audio with Launch of Qualcomm Snapdragon Sound ASUS announces the ROG Strix, TUF Gaming and Dual AMD Radeon RX 6700 XT graphics card series Leica announces The APO-SUMMICRON-M 35 f/2 ASPH GIGABYTE Launches Radeon RX 6700 XT series graphics cards Samsung Announces Galaxy XCover 5, the Newest Durable and Advanced Smartphone Built for Tough Environments

logo

  • Share Us
    • Facebook
    • Twitter
  • Home
  • Home
  • News
  • Reviews
  • Forum
  • Legacy
  • About
    • Submit News

    • Contact Us
    • Privacy

    • Promotion
    • Advertise

    • RSS Feed
    • Site Map

Search form

Nokia and Huawei Sign Patent License Agreement

Nokia and Huawei Sign Patent License Agreement

Smartphones Dec 21,2017 0

Nokia has signed a multi-year patent license agreement with Huawei, completing its list of agreements with the world's largest handset makers.

"Huawei is one of China's largest companies and is among the world's leading smartphone manufacturers and we are delighted to welcome them to our family of patent licensees," said Maria Varsellona, chief legal officer at Nokia.

While details of the license agreement remain confidential, Nokia will follow its existing practices for disclosing patent licensing revenue in its quarterly financial reports and expects that revenue for the agreement will begin to be recognized in the fourth quarter of 2017, including an element of non-recurring catch-up revenue, with additional revenues expected during the term of the agreement.

Nokia has recently struck licensing deals with handset makers including Apple, Samsung Electronics, LG and Xiaomi.

More than 90 percent of Nokia's revenue comes from telecoms network equipment, but the licensing payments are highly profitable amid an industry-wide slump in the network business.

Nokia's long catalog of patents covers technology that reduces the need for hardware components in a phone, conserves battery life and increases radio reception, among other features.

Tags: NokiaHuawei
Previous Post
China Accelerates Domestic Memory Chips Fabrication
Next Post
LG Nano IPS Monitors Boast Picture Quality and Thunderbolt 3 Connectivity

Related Posts

  • Huawei announces Mate X2 foldable phone

  • Porsche Design and Huawei Unveil PORSCHE DESIGN HUAWEI WATCH GT 2

  • Huawei Introduces FreeBuds Studio Featuring Dynamic ANC and Hi-Fi Sound

  • HUAWEI announces Mate 40 Series

  • Global Smartphone Sales Declined 20% in First Quarter of 2020 Due to COVID-19 Impact

  • Huawei Announces the New OceanStor Pacific Series for Mass Data Storage

  • Huawei Introduces Google Play Workaround

  • Huawei's Chairman Says Fragmented Standards and Supply Chains Benefit No One

Latest News

Qualcomm Redefining Wireless Audio with Launch of Qualcomm Snapdragon Sound
Smartphones

Qualcomm Redefining Wireless Audio with Launch of Qualcomm Snapdragon Sound

ASUS announces the ROG Strix, TUF Gaming and Dual AMD Radeon RX 6700 XT graphics card series
GPUs

ASUS announces the ROG Strix, TUF Gaming and Dual AMD Radeon RX 6700 XT graphics card series

Leica announces The APO-SUMMICRON-M 35 f/2 ASPH
Cameras

Leica announces The APO-SUMMICRON-M 35 f/2 ASPH

GIGABYTE Launches Radeon RX 6700 XT series graphics cards
GPUs

GIGABYTE Launches Radeon RX 6700 XT series graphics cards

Samsung Announces Galaxy XCover 5, the Newest Durable and Advanced Smartphone Built for Tough Environments
Smartphones

Samsung Announces Galaxy XCover 5, the Newest Durable and Advanced Smartphone Built for Tough Environments

Popular Reviews

CeBIT 2005

CeBIT 2005

Zidoo Z9S 4K Media Player review

Zidoo Z9S 4K Media Player review

CeBIT 2006

CeBIT 2006

LiteOn iHBS112 review

LiteOn iHBS112 review

Club3D HD3850

Club3D HD3850

Crucial P1 NVMe 1TB SSD review

Crucial P1 NVMe 1TB SSD review

Toshiba Exceria M303 64GB and M501 Exceria Pro 64GB MicroSDXC review

Toshiba Exceria M303 64GB and M501 Exceria Pro 64GB MicroSDXC review

Hitachi DZ-MV100A DVD Camcorder

Hitachi DZ-MV100A DVD Camcorder

  • Home
  • News
  • Reviews
  • Forum
  • Legacy
  • About
    • Submit News

    • Contact Us
    • Privacy

    • Promotion
    • Advertise

    • RSS Feed
    • Site Map
  • About
  • Privacy
  • Contact Us
  • Promotional Opportunities @ CdrInfo.com
  • Advertise on out site
  • Submit your News to our site
  • RSS Feed