Nokia, LG join hands, ink smartphone patent licence
'We are pleased to welcome LG Electronics to our licensing programme,” Nokia Technologies President Ramzi Haidamus said in a statement.
LG Electronics is the latest of more than 60 <g data-gr-id="19">licensees</g> for Nokia’s 2G, 3G and 4G mobile communication technologies and the first major smartphone manufacturer to join the licensing programme since Nokia divested its devices and services business to Microsoft in 2014.
“We’ve worked constructively with LG Electronics and agreed on a mutually beneficial approach, including the use of independent arbitration, to resolve any differences. This agreement sets the stage for further collaboration between our companies in future,” Haidamus said. The detailed royalty payment obligations will be subject to commercial arbitration and is expected to conclude within a 1-2 year timeframe. Other terms of the agreement remain confidential.
Meanwhile, Discovery Networks Asia-Pacific (DNAP) on Tuesday announced <g data-gr-id="22">acquisition</g> of sports channel Setanta Sports Asia which primarily broadcasts rugby matches. Setanta Sports Asia is one of the fastest-growing sports channels in Asia reaching over 42 million homes across 16 countries, said DNAP, a division of Discovery Communications, in a statement. “The acquisition is bolstered by Setanta’s five-year renewal of SANZAR (South African, New Zealand and Australian Rugby) rights, including all home international matches, plus Super Rugby both of which represent some of the most sought-after rugby union properties,” the company said.
In addition to that, it has programmes on European Rugby Champions Cup and Challenge Cup, National Rugby League, Aviva Premiership and Guinness Pro 12.
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