Nokia and Xiaomi sign a collaboration agreement
Nokia and Xiaomi
announced they have signed a business cooperation and patent agreement. The two
companies will license each other's cellular standard essential patents. Xiaomi
also acquired patents assets as a part of the deal.
Under the agreement, Nokia will provide
network infrastructure equipment to Xiaomi. It will improve the capacity and
low-power performance of the Chinese manufacturer’s smartphones. Both companies
will also work together on data transport and connection solutions. They will
eventually explore opportunities for cooperation in the area of Internet of Things.
Xiaomi could make great use of Nokia’s rich
patent portfolio if it to expand to western markets. It is currently present in
over 30 countries and regions, but most of those are in the SEA region.
Nokia, on the other hand, could learn from
Xiaomi’s experience in Internet of Things. The Mi Ecosystem currently has 60
million connected devices, with 8 million of them active on a daily basis.
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