ZTE Files Antitrust Complaint With European Commission Against Vringo

  ZTE Files Antitrust Complaint With European Commission Against Vringo

Business Wire

SHENZHEN, China -- June 18, 2014

ZTE Corporation has filed an antitrust complaint with the European Commission,
requesting it to investigate the licensing practices of Vringo Inc. and its
subsidiaries in light of concerns that these practices are impeding fair
competition in the telecommunications market.

As the owner of numerous standard-essential patents on telecommunications
standards, Vringo is obligated to license its patents based on fair,
reasonable and non-discriminatory (FRAND) terms in the interest of
safeguarding competition in the European telecommunications market. Despite
ongoing efforts by ZTE to negotiate since 2012, the company has been unable to
reach an agreement with Vringo on FRAND terms.

ZTE reserves the right to pursue further action across different jurisdictions
to protect the interests of the company and our customers, ZTE steadfastly
opposes all forms of abuses of intellectual property, and the improper use of
patent assets as a tactic in licensing negotiations.

As one of the world’s leading technology innovators, ZTE respects the
intellectual property of other companies. ZTE is committed to investment in
the company’s intellectual property assets, and has signed dozens of global
intellectual property licensing agreements with holders including Qualcomm,
Siemens, Ericsson, Microsoft and Dolby Laboratories. In 2013, ZTE’s licensing
expenses as a proportion of revenue were amongst the highest in the
telecommunications industry globally.

ZTE’s strategic planning and industry-leading pool of intellectual property
assets offer a strong safeguard to help the company prevail in patent
litigations internationally.

ZTE has filed applications for more than 52,000 patents globally, with more
than 16,000 granted so far. ZTE is a global leader with more than 800
essential patents on the standardization 4G LTE. ZTE will continue to
strengthen its portfolio of patents to attain globally-leading positions in
core areas such as smart terminals, optical networking, cloud computing, big
data and 4G LTE, and invest in next-generation technologies such as 5G. Such
investments will be key to enhance ZTE’s competitiveness and intellectual
property capabilities to help the company cope with changes in the technology
landscape and market environment.

ZTE retained its global top-2 position in patent applications in the World
Intellectual Property Organization’s annual rankings published this year,
after being the top-ranked company in each of the previous two years.

Contact:

ZTE Corporation
Margrete Ma, +86 755 26775207
ma.gaili@zte.com.cn
 
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