Yesterday, Sisvel and Mitsubishi issued a press release announcing the settlement of their multi-jurisdictional dispute, only months before a UK FRAND trial was due to go ahead. Whilst the details of the deal remain confidential, what is known is that Xiaomi has taken a licence only to the SEPs owned by Sisvel and Mitsubishi (some 120 patent families), and not to the Sisvel MCP pool. This is of particular interest since that was the licence that Sisvel (and Mitsubishi) were pushing as being FRAND in the UK litigation (of course, whilst accepting that a bilateral licence could also be FRAND).
It will be interesting to see how other members of the MCP pool react, especially Koninklijke KPN, which itself has been engaged in SEP litigation with Xiaomi. Presumably that litigation will continue.
“We are pleased to reach a deal to settle all disputes with Sisvel. Although litigations often make parties confrontational, I have always been optimistic in finding the right value drivers to bring parties to negotiation table.” commented Paul Lin, Vice President of Global Business Development and IP Strategy.