In a short press release, Huawei and OPPO announced the signing of a global patent cross-licensing agreement. The patents involve technologies such as 5G, Wi-Fi and audio/video codecs.

Since the announcement doesn’t go into details, one would assume that Huawei is providing the connectivity know-how while Oppo will supply Huawei with patents regarding audio and video. As some of you may know, Oppo has a long history in high-quality audio and video consumer electronics.

The statement says it’s a win-win situation for both companies and we tend to agree. Due to US sanctions, Huawei has been backed into a corner, so a cross-licensing agreement with Oppo may ensure that some 5G technologies will finally be leveraged by a company selling products outside China. Both companies will hope that the new cross-licensing agreement will signal the beginning of a period of rapid growth and development. Only time will reveal the true scope of this cooperation.