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InterDigital and Nokia announce multi-year development project for third generation technology
February 01, 1999
Nokia and InterDigital Communications Corporation (ASE: IDC) today announced a long-term co-operation agreement involving the development of new technology for third generation wireless telecommunications products designed for high data rate applications, such as Internet access.
Under the multi-year agreement, InterDigital will deliver technology building blocks for Nokia to use in third generation wireless products. The agreement, which includes paid up TDMA and CDMA patent licenses which generally extend through the project period, has an estimated value to InterDigital of approximately USD 70 million, including an initial payment of approximately USD 30 million. The companies have defined a framework for establishing licensing terms after the initial licensing period.
"Nokia is committed to furthering the development of third generation technologies, which will herald the era of a true Wireless Information Society. In addition to Nokia's own core development of third generation, we place great emphasis on additional R&D, including co-operation with key industry players," said Ahti Väisänen, Vice President, Third Generation Technology, Nokia Mobile Phones. "Nokia believes that its work with InterDigital over the next several years will complement its own development of third generation products," he said.
http://press.nokia.com/PR/199902/777334_5.html
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