Print Edition - 2017-07-06  |  Money Digest

Xiaomi, Nokia sign business agreements

- Xinhua, BEIJING

Jul 6, 2017-

Chinese tech giant Xiaomi and Finnish counterpart Nokia announced on Wednesday that they have signed a business collaboration agreement and a multi-year patent agreement. The agreements include a cross license to each company’s cellular 

standard essential patents and Xiaomi also acquired patent assets from Nokia as part of the transaction, according to a statement from Xiaomi. Nokia will offer network infrastructure equipment designed to deliver the high capacity, low power requirements expected by large web providers and data center operators. The two companies will work together on optical transport solutions for data center interconnection and other fields. They also agreed to explore opportunities for further cooperation, in areas such as the Internet of Things, augmented and virtual reality, and artificial intelligence. 

Published: 06-07-2017 09:18

User's Feedback

Click here for your comments

Comment via Facebook

Don't have facebook account? Use this form to comment