Asia Tech Wire (Oct 28) -- Lenovo has filed a lawsuit against communications equipment supplier ZTE for patent infringement in a UK high court, Case No. HP-2024-000038, according to ip fray, an intellectual property media outlet.

The lawsuit involves a number of parties, including Lenovo and several of its subsidiaries as plaintiffs, and ZTE, its U.K. subsidiary, and three U.K. distributors as defendants.

There is no specific information about the case or the patents involved, but the report says that Lenovo's move could be a response to a patent license offer or lawsuit previously initiated by ZTE.

Asked whether the lawsuit has affected the company's share price, a ZTE source said Tuesday, "This should not be the case, and the share price is quite stable today."

Meanwhile, the person said there are many factors affecting the share price, and the company's overall operation is sound.

And as for how much impact Lenovo's lawsuit against the company will have, the person said that it is necessary to find out the specifics.

ZTE's patented technology has a valuation of more than 45 billion yuan, and is due to generate 4.5-6 billion yuan in revenue for the company between 2021 and 2025.

Lenovo, the world's eighth-largest cell phone maker with a market share of about 5%, is particularly strong in North America.