Motorola and Nokia jointly announced that the companies have entered into a 4G license agreement. Under the terms of the agreement, the two companies have extended the companies’ existing intellectual property licensing agreement to include 4G technologies, such as LTE, WiMAX and LTE-Advanced. The terms of the agreement are confidential.
Plus we have comments from both parties. Motorola’s corporate vice president of intellectual property, Kirk Dailey, said he is pleased to extend Moto’s 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.”
Nokia’s vice president of intellectual property, Paul Melin, commented in the similar fashion, saying: “We are pleased to conclude this extension of our IP licensing agreement, which is a great example of the value that Nokia realizes from our industry leading patent portfolio. This agreement also 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.”