Motorola (NYSE:MOT) and Nokia (NYSE:NOK) signed a cross-licensing deal that extends an existing wireless intellectual property licensing agreement to a range of 4G wireless technologies, including WiMAX, LTE and LTE-Advanced. The companies did not disclose the financial terms of the deal.
The deal will benefit both companies as the 4G ecosystem, and LTE in particular, continues to evolve, representatives from both companies said in a statement.
The deal comes shortly after Nokia Siemens Networks, which is a joint venture of Nokia and Germany's Siemens, agreed to acquire Motorola's wireless networking business for $1.2 billion. Under that transaction, Motorola said it will retain control of its iDEN networks business, as well as substantially all the patents related to its network infrastructure business. Motorola is preparing to split into two companies in first quarter of 2010. Motorola Mobility will include the company's handset and set-top box units, and Motorola Solutions will be comprised mainly of the company's enterprise mobility business.
Ericsson (NASDAQ:ERIC), the world's largest infrastructure vendor, has claimed that it holds 25 percent of the world's essential LTE patents.
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