A number of the world's largest players in mobile technology have come together to agree on a licensing framework for their patents dealing with an emerging mobile technology. Long Term Evolution (LTE) promises to make everything from downloading videos to content sharing faster, although the first networks are not expected for at least two years and some operators may opt to wait longer until the technology matures.
"Today's announcement is a step towards establishing more predictable and transparent licensing costs in a manner that enables faster adoption of new technologies," Ilkka Rahnasto, head of Nokia's intellectual property rights said in a statement.
The companies have committed to keeping royalty levels for essential LTE patents in handsets below 10 percent of the sale price, and have agreed a maximum royalty in LTE-enabled notebooks must stay below $10. Nokia, Ericsson, Alcatel-Lucent, NEC Corp, NextWave Wireless, Nokia Siemens Networks and Sony Ericsson were among those involved.
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The companies have committed to keeping royalty levels for essential LTE patents in handsets below 10 percent of the sale price, and have agreed a maximum royalty in LTE-enabled notebooks must stay below $10. Nokia, Ericsson, Alcatel-Lucent, NEC Corp, NextWave Wireless, Nokia Siemens Networks and Sony Ericsson were among those involved.
Get regular news updates from AfterDawn.com by subscribing to our RSS feeds using the Subscribe button below. If you have been living in a cave for a few years now and don't know how to use RSS feeds, then Click Here to read a Guide on how to use RSS (and other) feeds.
