SHENZHEN, China -- 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.
ZTE Corp. (Shenzhen: 000063; Hong Kong: 0763)