Motorola, Nokia sign 4G licensing deal
Motorola and Nokia have entered into a 4G license agreement that extends the companies’ existing intellectual property licensing agreement to include 4G cellular technologies, such as LTE, WiMAX and LTE-Advanced. The terms of the agreement are confidential.
“We are pleased to extend our existing IP licensing agreement with Nokia to include 4G technologies and are confident this agreement will help foster continued innovation and technological advancement for the telecommunications industry,” said Kirk Dailey, corporate vice president of intellectual property, Motorola Mobility, Inc.
“This agreement shows that the industry is making fast progress in resolving LTE licensing issues between the major patent holders. LTE has now become a key element of Nokia’s licensing program, and we expect strong returns for our pioneering development,” said Paul Melin, vice president, intellectual property of Nokia.
Earlier this year in July, Nokia Siemens Networks and Motorola entered into an agreement under which Nokia Siemens Networks agreed to acquire the majority of Motorola’s wireless network infrastructure assets for US $1.2 billion in cash.