Nokia Oyj signed a new multi-year cross-license patent agreement with Samsung Electronics Co that enables the handset maker to use Nokia’s technology in its products.
The deal follows the expiry of a previous agreement at the end of last year, and covers fundamental inventions in 5G and other technologies, the Finnish company said in a statement yesterday. Samsung would make payments to Nokia beginning Jan. 1, Nokia said, without disclosing further details of the deal, saying the terms are confidential.
“We are delighted to have reached an amicable agreement,” Nokia Technologies president Jenni Lukander said. “The agreement gives both companies the freedom to innovate, and reflects the strength of Nokia’s patent portfolio, decades-long investments in R&D and contributions to cellular standards and other technologies.”
Photo: Reuters
At Nokia, licensing has grown more important over the past decade since it stopped making phones and focused on networking gear and intellectual property. It continues to rely heavily on royalties from its inventions used in the global smartphone market, but has in recent years begun to branch out to other sources of intellectual property revenue.
Last month, Nokia extended a patent licensing deal with Huawei Technologies Co (華為), and is yet to come to an agreement with two other Chinese phone makers, Oppo Mobile Telecommunications Corp (歐珀) and Vivo Communication Technology Co (維沃).
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