Oppo has reached a settlement agreement with Nokia over a 5G patent dispute in Europe. As a result of losing the case, Oppo is now facing a ban on selling mobile phones. The details of the financial compensation that Oppo has to pay Nokia have not been disclosed, but it is known that Oppo will have to make payments to Nokia for several years. Both parties have also agreed to drop the lawsuits against each other in all countries. However, it is still uncertain when Oppo will be able to re-enter the European mobile market.
The sale of patent licenses has become a significant source of revenue for Nokia, with over 20,000 patents in its portfolio. Out of these, 6,000 patents are related to 5G technology.
In conclusion, Oppo and Nokia have settled their 5G patent dispute in Europe, with Oppo facing a ban on selling mobile phones and having to make financial payments to Nokia. The details of the settlement remain undisclosed. This case highlights the importance of patent licensing as a revenue stream for Nokia, with a significant number of patents related to 5G technology.
TLDR: Oppo and Nokia have reached a settlement in their 5G patent dispute, leading to a ban on Oppo’s mobile phone sales and undisclosed financial payments to Nokia. Nokia’s extensive patent portfolio, including 6,000 patents related to 5G, emphasizes the significance of patent licensing for the company.
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