Nokia and Xiaomi sign a collaboration agreement

Nokia and Xiaomi announced they have signed a business cooperation and patent agreement. The two companies will license each other’s cellular standard essential patents. Xiaomi also acquired patents assets as a part of the deal.

Under the agreement, Nokia will provide network infrastructure equipment to Xiaomi. It will improve the capacity and low-power performance of the Chinese manufacturer’s smartphones. Both companies will also work together on data transport and connection solutions. They will eventually explore opportunities for cooperation in the area of Internet of…