Edition:
United Kingdom

Ericsson and Oppo sign initial patent license agreement


Tuesday, 19 Feb 2019 

Feb 19 (Reuters) - Ericsson ::ERICSSON AND OPPO SIGN INITIAL PATENT LICENSE AGREEMENT.SAYS INITIAL AGREEMENT INCLUDES A CROSS LICENSE COVERING 2G, 3G AND 4G PATENT PORTFOLIOS FROM BOTH COMPANIES.SAYS OPPO, FIFTH LARGEST SMARTPHONE VENDOR IN WORLD WITH BUSINESS OPERATIONS IN MORE THAN 40 MARKETS GLOBALLY, WILL MAKE ON-GOING ROYALTY PAYMENTS TO ERICSSON BASED ON A SUBSTANTIAL PART OF THEIR ANNUAL SALES.SAYS IN ADDITION TO A CROSS LICENSE, AGREEMENT BETWEEN OPPO AND ERICSSON INCLUDES BUSINESS COOPERATION ON A NUMBER OF PROJECTS RELATED TO 5G, LIKE DEVICE TESTING, CUSTOMER ENGAGEMENTS AND DEMO AT MWC19.