Nokia and LG reach smartphone patent licensing agreement
LG and Nokia have announced that they’ve reached a licensing deal related to several of Nokia smartphone patents. LG has licensed a wide range of patents covering communications over a mobile network, although neither company disclosed how much LG is paying for the licensing.
Both companies have said the deal is mutually beneficial, which I’m sure everyone will agree with. LG gets access to some patents to make better phones, and Nokia gets some extra cash. It’s not like Nokia was using the technology to make any compelling smartphones.
Jabs aside, it’ll be interesting to see what comes of this agreement in the future. And we should all be very glad that this didn’t turn into another drawn out set of lawsuits.
source: Nokia
via: Android Central
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