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Technology Stocks : Nokia Corp. (NOK)
NOK 6.180+0.3%Dec 9 3:59 PM EST

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To: Eric L who wrote (2873)4/6/2003 12:10:26 PM
From: Eric L   of 9255
 
1 month old ....

>> Nokia, Huawei Ink WCDMA IP Agreement

Electronic News
3/10/2003

Nokia and Huawei Technologies Inc. have signed an agreement for the cross-licensing of WCDMA related patents covering the manufacturing and sales of WCDMA infrastructure equipment globally.

The agreement ensures both companies access each other's IP rights (IPR) under the WCDMA standard at what the two say is a very competitive royalty rate.

The deal is in-line with Nokia's plans to push WCDMA technologies in China and also gives credit to Huawei, the country's prime competitor to mammoth communications vendor Cisco Systems Inc.

Whether WDCMA will win out in China is still up for debate, however, as it rivals with TD-SCDMA technology. TD-SCDMA has seen support in the country from China Mobile, China Telecom, China Unicom, Datang Group, Motorola, Nortel, Siemens and also Huawei.

"Nokia is fully committed to develop its local capability of manufacturing advanced mobile telecommunications equipment in China," said David Ho, VP of Nokia Networks China, in a statement. "We are very happy to cooperate with Chinese vendors like Huawei on this kind of agreement. Eventually, the benefits from this agreement will reach all the members of the industry in China."

- Eric -
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