Nokia, Xiaomi sign patent dealJuly 5, 2017 - 14:37 AMT PanARMENIAN.Net - Telecoms network equipment maker Nokia and Chinese smartphone maker Xiaomi Technology have signed a patent licensing agreement, the companies said on Wednesday, July 5, according to Reuters. The companies did not provide financial details of the agreement, saying it includes a cross license to each company's cellular standard patents. Nokia will also provide network infrastructure equipment to Xiaomi. "Xiaomi is one of the world's leading smartphone manufacturers and we are delighted to have reached an agreement with them," Nokia Chief Executive Rajeev Suri said in a statement. Nokia has license deals with leading handset makers Apple and Samsung Electronics, but the agreement with Xiaomi is the Finnish company's first with a Chinese phone maker. "Financially, I don't think it's very substantial for Nokia. But it's a good head start to negotiations with other Chinese manufacturers", said OP Equities analyst Hannu Rauhala. Patent royalties represent a sliver of Nokia's overall revenue, more than 90 percent of which comes from telecoms network equipment. But licensing payments are highly profitable and the network business is suffering an industry-wide slump. Nokia built up its catalog of patents in the days when the company dominated the mobile handset business. It covers technology that reduces the need for hardware components in a phone, conserves battery life and increases radio reception, among other features. Related links: Top stories Yerevan will host the 2024 edition of the World Congress On Information Technology (WCIT). Rustam Badasyan said due to the lack of such regulation, the state budget is deprived of VAT revenues. Krisp’s smart noise suppression tech silences ambient sounds and isolates your voice for calls. Gurgen Khachatryan claimed that the "illegalities have been taking place in 2020." Partner news Most popular in the section | Titus, Bilirakis lead legislation to sanction Azerbaijani war criminals Representatives Dina Titus (D-NV) and Gus Bilirakis (R-FL) have introduced the bipartisan legislation. Azerbaijan must respect human rights, Scholz tells Aliyev German Chancellor Olaf Scholz has called for greater respect for human rights in Azerbaijan. Armenia: Defense Ministry warns against involving army in political processes The Ministry’s statement came after a video surfaced online, showing soldiers joining the protests in Tavush. Scholz hopes Armenia-Azerbaijan peace treaty will be signed this year German Chancellor Olaf Scholz hopes that a peace treaty between Armenia and Azerbaijan will be signed this year. |