Nokia and Huawei Sign Patent Deal
Nokia today said it has signed a multi-year patent licensing agreement with Huawei. Terms of the deal, including the patents in question and pricing structure, were not disclosed. Both companies make telecommunications equipment used by wireless network operators. Huawei also makes phones, while Nokia-branded handsets are made by HMD Global. "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. Nokia said the only information it will share regarding the deal will appear as licensing revenue on its quarterly earnings statements.
Mar 30, 2018
Huawei plans to soldier on in the U.S. market despite recent setbacks.
Jul 5, 2017
Nokia today said it has signed an agreement with Xiaomi that will see the companies collaborate in a number of different ways. Nokia will provide Xiaomi with network infrastructure equipment and the companies will work together on optical transport solutions for connecting data centers.
Dec 31, 2018
President Donald Trump is weighing new action against Chinese telecommunications equipment makers Huawei and ZTE, says Reuters. The President might issue an executive order that would bar U.S.
Mar 23, 2018
FCC Chairman Ajit Pai today said will take action to ensure the U.S. telecommunications supply chain is protected from potential threats.