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Qualcomm and ZTE Sign New 3G/4G License

TIME:2015-11-05    HIT:568
3 November2015, Shenzhen, China —ZTE Corporation (0763.HK / 000063.SZ) today announced that it has signed a new worldwide 3G/4G license agreement withQualcomm Incorporated (NASDAQ: QCOM).The license includes terms that are consistent with the rectification measures that Qualcomm submitted to China’s National Development and Reform Commission (NDRC) in February, 2015. Under the terms of the agreement, Qualcomm has granted ZTE royalty-bearing patent licenses to develop, manufacture, and sell 3G and 4G products, such as smartphones, modules, and infrastructure equipment, including 3-mode (LTE-TDD, TD-SCDMA and GSM) smartphones sold for use in China.

“ZTE is glad to have concluded a new agreement with Qualcomm,” said Mr. Guo Xiaoming, General Counsel of ZTE. “This agreement provides a solid foundation for Qualcomm and ZTE to expand and strengthen the long term relationship between the companies in the future.”

“Qualcomm is pleased to again have reached an agreement with ZTE that reflects the established value of Qualcomm’s patent portfolio, supports future collaboration between Qualcomm and ZTE, and strengthens the relationship between the companies,” said Eric Reifschneider, Senior Vice President and General Manager of Qualcomm Technology Licensing. “This agreement with ZTE is another important step for our licensing business in China, and we look forward to continuing our progress in concluding agreements with Chinese device companies.”