Motorola and Nokia announces 4G licensing agreement
Motorola (NYSE: MOT) and Nokia (NYSE:NOK), recently announced that the companies have entered into a 4G license agreement. Under the terms of the agreement, Motorola and Nokia have extended the companies’ existing intellectual property licensing agreement to include 4G cellular technologies, such as LTE, WiMAX and LTE-Advanced.
“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,” commented Kirk Dailey, CVP, intellectual property, Motorola Mobility.
“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,” remarked Paul Melin, VP, intellectual property, Nokia.
Melin further opined that the LTE has now become a key element of Nokia’s licensing program, and we expect strong returns for our pioneering development.
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