Motorola, Nokia ink 4G licensing agreement

Motorola Inc. and Nokia Corp. today jointly announced that the companies signed 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. The terms of the agreement are confidential.

“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, Kirk Dailey, corporate vice president of intellectual property, Motorola Mobility, said in a statement.  “Motorola is committed to leveraging the strength of its industry-leading intellectual property portfolio for the benefit of its customers, partners, shareholders and licensees.

“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, Paul Melin, vice president of intellectual property for Nokia, said in a statement. “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.