Nokia, a global technology company that has been ahead of its time, has reached a significant agreement in the world of 5G patent licensing. This time, the partnership forged is with Vivo, a leading smartphone manufacturer from China. Effective from the first quarter of 2024, this multi-year agreement marks a significant step in ending the prolonged patent dispute between the two companies.

Reports from ET Telecom on Monday local time revealed that this agreement is not only a closure to the protracted litigation process but also a manifestation of maturity and maturity in resolving disputes. The details of this agreement remain confidential, but Nokia has disclosed that a significant part of the agreement is Vivo's obligation to pay royalties to Nokia, which also includes payments for the elapsed litigation period.

In this context, Nokia Technologies President, Jenni Lukander, expressed her delight at this agreement. In her statement, she emphasized that this agreement reflects a mutual respect for each other's intellectual property rights. This is not only about a business deal but also a recognition of the value and contribution of technology from each party.

A similar sentiment was also expressed by Xianwen Xu, General Manager of the Legal Affairs Department of Vivo Mobile Communication. According to him, this agreement is not only about business but also about recognition of the value of patents in the mobile technology industry. By respecting intellectual property rights, this agreement is expected to have a positive impact on the industry as a whole.

Meanwhile, Nokia Technologies itself is undergoing an interesting transition period. In addition to smartphone licensing, the company is also showing positive developments in various fields, including automotive, electronics, Internet of Things (IoT), and multimedia. Thus, Nokia is not only focused on one aspect of business but also strives to be a relevant player in various technology sectors.

Financially, the sales projection of Nokia Technologies in the medium term shows promising potential. It is estimated that the company's annual revenue could reach significant figures, indicating a stable position and strong growth potential in the global market. Therefore, the agreement with Vivo is not only a strategic step in the business context but also part of Nokia's efforts to strengthen its position as a leader in technology innovation.

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