Nokia and Xiaomi Enter into a Cross Licensing Agreement to Work on Augmented Reality, Virtual Reality, IoT, More

Nokia and Xiaomi today announced that they have signed a multi-year business collaboration agreement that will see them work together on IP Routing, optical transport solutions for data center interconnect, and more. 

The agreement between the two companies also includes a cross-licensing agreement of standard cellular essential patents between the two companies. The transaction also sees Xiaomi acquire patent assets from Nokia.

Both companies will also explore areas for further cooperations like Internet of Things, Augmented reality, virtual reality, and artificial intelligence.

Xiaomi will also be sourcing network equipment “designed to deliver the high capacity, low power requirements” from Nokia as a part of this deal. TY

“As a company seeking to deliver more exciting technological innovations to the world, we are excited at the opportunity to work more closely with Nokia in future,” said Lei Jun, chairman and CEO of Xiaomi. “Xiaomi is committed to building sustainable, long-term partnerships with global technology leaders. Our collaboration with Nokia will enable us to tap on its leadership in building large, high performance networks and formidable strength in software and services, as we seek to create even more remarkable products and services that deliver the best user experience to our Mi fans worldwide.”

Nokia had announced a patent license agreement with LG in 2015. The Finnish company has over 60+ OEMs licensing its various IPs related to 2G, 3G, and 4G communication.

[Via Nokia]