U.S.-based Qualcomm (QCOM) has granted China's LT Mobile Communication a worldwide patent license to develop, manufacture and sell subscriber units implementing the CDMA2000 standard.
The financial terms of this CDMA subscriber unit license agreement will be based on royalties, with the royalties payable by LT Mobile at Qualcomm's standard worldwide rates.
"Qualcomm is pleased to include LT Mobile, a Chinese company, as a licensee of its patent portfolio," said Derek Aberle, executive vice president and president of Qualcomm Technology Licensing. "Licensing advanced wireless technologies promotes the success of our partners and enriches the lives of consumers globally. This agreement will enable LT Mobile to extend the benefits of high-speed, low-cost wireless products to its customers in China and worldwide."
Shenzhen LT Mobile Communication Co., Ltd, founded in 2002, specializes in manufacturing and marketing of CDMA, GSM , PHS and dual-mode mobile phones. It is one of the manufacturing companies that have obtained licenses issued by China's National Development and Reform Commission to produce both GSM/GPRS and CDMA handsets.
