SAN DIEGO, Nov. 2, 2015 /PRNewswire/ -- Qualcomm Incorporated (NASDAQ: QCOM) today announced that it has signed a new worldwide 3G/4G license agreement with ZTE Corporation (0763.HK / 000063.SZ), a major international provider of telecommunications, enterprise and consumer technology solutions for the Mobile Internet. The license includes terms that are consistent with the rectification measures that Qualcomm submitted to China's National Development and Reform Commission (NDRC) in February, 2015. Under the terms of the agreement, Qualcomm has granted ZTE royalty-bearing patent licenses to develop, manufacture, and sell 3G and 4G products, such as smartphones, modules, and infrastructure equipment, including 3-mode (LTE-TDD, TD-SCDMA and GSM) smartphones sold for use in China.
"ZTE is glad to have concluded a new agreement with Qualcomm," said Mr. Guo Xiaoming, general counsel of ZTE. "This agreement provides a solid foundation for Qualcomm and ZTE to expand and strengthen the long term relationship between the companies in the future."
"Qualcomm is pleased to again have reached an agreement with ZTE that reflects the established value of Qualcomm's patent portfolio, supports future collaboration between Qualcomm and ZTE, and strengthens the relationship between the companies," said Eric Reifschneider, senior vice president and general manager of Qualcomm Technology Licensing. "This agreement with ZTE is another important step for our licensing business in China, and we look forward to continuing our progress in concluding agreements with Chinese device companies."
ZTE is a provider of advanced telecommunications systems, mobile devices, and enterprise technology solutions to consumers, carriers, companies and public sector customers. As part of ZTE's M-ICT strategy, the company is committed to provide customers with integrated end-to-end innovations to deliver excellence and value as the telecommunications and information technology sectors converge. Listed in the stock exchanges of Hong Kong and Shenzhen (H share stock code: 0763.HK / A share stock code: 000063.SZ), ZTE's products and services are sold to over 500 operators in more than 160 countries. ZTE commits 10 per cent of its annual revenue to research and development and has leadership roles in international standard-setting organizations. ZTE is committed to corporate social responsibility and is a member of the UN Global Compact. For more information, please visit www.zte.com.cn.
Qualcomm Incorporated (NASDAQ: QCOM) is a world leader in 3G, 4G and next-generation wireless technologies. Qualcomm Incorporated includes Qualcomm's licensing business, QTL, and the vast majority of its patent portfolio. Qualcomm Technologies, Inc., a wholly-owned subsidiary of Qualcomm Incorporated, operates, along with its subsidiaries, substantially all of Qualcomm's engineering, research and development functions, and substantially all of its products and services businesses, including its semiconductor business, QCT. For more than 30 years, Qualcomm ideas and inventions have driven the evolution of digital communications, linking people everywhere more closely to information, entertainment and each other. For more information, visit Qualcomm's website, OnQ blog, Twitter and Facebook pages.
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SOURCE Qualcomm Incorporated