InterDigital and NEC sign global 3G patent license agreement and settle outstanding 2G patent licensing dispute. (International News).(Brief Article)
2.5G-3G, March, 2002
InterDigital Communications announced that its subsidiary, InterDigital Technology Corporation (ITC), has entered into a royalty-bearing license agreement with NEC Corporation of Japan for sales of wireless products compliant with all 3G and narrowband CDMA standards. The company concurrently reached an amicable settlement of its second generation (2G) patent licensing dispute with NEC, in connection with a 1995 license agreement.
Under the 3G agreement, ITC will receive a royalty on each licensed product sold by NEC. Licensed products include infrastructure, terminal units, communication cards and other mobile devices compliant with Third Generation and narrowband CDMA standards. NEC will pay ITC an advance royalty of $19.5 million. Once that advance is...
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