"Nokia and Vivo Reach 5G Patent Cross-Licensing Agreement"
Nokia has signed a multi-year 5G patent license agreement with Chinese smartphone vendor Vivo, resolving all pending patent litigation between the parties. This marks Nokia's 6th major smartphone licensing agreement in the past 13 months, following deals with Apple, Samsung, OPPO, Honor, and Huawei. The terms of the agreement remain confidential, and Nokia expects its intellectual property licensing business to generate at least 1.4 billion euros of operating profit in 2024.