Qualcomm Inc. (NASDAQ: QCOM) has signed a new 3G and 4G Chinese patent license agreement with Yulong Computer Telecommunication Scientific Co., Ltd., an indirect wholly owned subsidiary of Coolpad Group Limited, the company said.
Under the terms of the agreement, Qualcomm has granted Yulong a royalty-bearing patent license to develop, manufacture and sell 3G WCDMA and CDMA2000 (including EV-DO) and 4G LTE (including “3-mode” GSM, TD-SCDMA and LTE-TDD) terminals for use in China. The royalties payable by Yulong are consistent with the terms of the rectification plan submitted by Qualcomm to China´s National Development and Reform Commission.
Coolpad Group Limited (formerly known as China Wireless Technologies Limited) was founded in 1993, and was listed on the Main Board of the Stock Exchange of Hong Kong in December 2004. The Group is a leading developer and provider of integrated solutions for smartphones, mobile data platform systems and value-added business operations in China.
The Group provides its products and services to enterprises, government organizations and mobile operators as well as individual consumers in China. The Group has developed advanced research and development capabilities in mobile communications.
Qualcomm provides 3G, 4G and next-generation wireless technologies.