LG Electronics will soon embed
technologies developed by Nokia in its
smartphones as the Korean firm has
agreed to take a royalty-bearing
smartphone patent licence from the
Nokia Technologies, the technology
development and licensing arm of Noki
Corporation.
"We are pleased to welcome LG
Electronics to our licensing programme,
Nokia Technologies President Ramzi
Haidamus said in a statement.
LG Electronics is the latest of more tha
60 licensees for Nokia's 2G , 3G and 4G
mobile communication technologies an
the first major smartphone manufactur
to join the licensing programme since
Nokia divested its devices and services
business to Microsoft in 2014.
"We've worked constructively with LG
Electronics and agreed on a mutually
beneficial approach, including the use
independent arbitration, to resolve any
differences. This agreement sets the
stage for further collaboration between
our companies in future," Haidamus sai
The detailed royalty payment obligation
will be subject to commercial arbitration
and is expected to conclude within a 1-
year timeframe. Other terms of the
agreement remain confidential.
Post the acquisition of its devices and
services business by Microsoft, Nokia
was split into three companies - Nokia
Networks (the telecommunications wing
that just announced a takeover of
Alcatel-Lucent ), Here (the company's
navigation, mapping, and location
services subsidiary), and Nokia
Technologies (the company responsible
for licensing of Nokia's portfolio of
patents and developing new products
such as the Nokia N1 tablet and the Z
Launcher).
http://m.gadgets.ndtv.com/mobiles/news/lg-signs-smartphone-patent-licensing-agreement-with-nokia-704206
technologies developed by Nokia in its
smartphones as the Korean firm has
agreed to take a royalty-bearing
smartphone patent licence from the
Nokia Technologies, the technology
development and licensing arm of Noki
Corporation.
"We are pleased to welcome LG
Electronics to our licensing programme,
Nokia Technologies President Ramzi
Haidamus said in a statement.
LG Electronics is the latest of more tha
60 licensees for Nokia's 2G , 3G and 4G
mobile communication technologies an
the first major smartphone manufactur
to join the licensing programme since
Nokia divested its devices and services
business to Microsoft in 2014.
"We've worked constructively with LG
Electronics and agreed on a mutually
beneficial approach, including the use
independent arbitration, to resolve any
differences. This agreement sets the
stage for further collaboration between
our companies in future," Haidamus sai
The detailed royalty payment obligation
will be subject to commercial arbitration
and is expected to conclude within a 1-
year timeframe. Other terms of the
agreement remain confidential.
Post the acquisition of its devices and
services business by Microsoft, Nokia
was split into three companies - Nokia
Networks (the telecommunications wing
that just announced a takeover of
Alcatel-Lucent ), Here (the company's
navigation, mapping, and location
services subsidiary), and Nokia
Technologies (the company responsible
for licensing of Nokia's portfolio of
patents and developing new products
such as the Nokia N1 tablet and the Z
Launcher).
http://m.gadgets.ndtv.com/mobiles/news/lg-signs-smartphone-patent-licensing-agreement-with-nokia-704206
