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Nokia and Xiaomi sign patent deal

By Ng Chong Seng - on 6 Jul 2017, 12:00am

Nokia and Xiaomi sign patent deal

Nokia Group and China's Xiaomi ink a patent and business cooperation agreement. (Image source: Wang Xiang, senior VP at Xiaomi, on Twitter.)

Nokia has announced that it’s signed a patent deal with Xiaomi, in which both companies agreed to cross-license cellular standard essential patents from each other. The deal also includes Xiaomi buying patent assets from Nokia; Nokia providing network infrastructure equipment to the Chinese handset maker; and both companies working together on IP transport solutions. Additionally, both companies have agreed to explore opportunities for further cooperation, in areas such as Internet of Things, augmented and virtual reality, and artificial intelligence.

Nokia president and CEO Rajeev Suri:

Xiaomi is one of the world’s leading smartphone manufacturers and we are delighted to have reached an agreement with them. In addition to welcoming such a prominent global technology company to our family of patent licensees, we look forward to working together on a wide range of strategic projects.

Xiaomi chairman and CEO Lei Jun:

As a company seeking to deliver more exciting technological innovations to the world, we are excited at the opportunity to work more closely with Nokia in future. Xiaomi is committed to building sustainable, long-term partnerships with global technology leaders. Our collaboration with Nokia will enable us to tap on its leadership in building large, high performance networks and formidable strength in software and services, as we seek to create even more remarkable products and services that deliver the best user experience to our Mi fans worldwide.

Overall, this seems like a win-win situation for both parties: Nokia stands to collect some patent royalties and this serves as a good template should it decide to explore similar collaborations with other Chinese phone makers; and Xiaomi gains a catalog of patents that it can use while it seeks to expand globally.

Source: Nokia.