Back in February Nokia and Samsung signed a patent licensing deal after they had been in dispute over various patents.
Now Nokia has announced that the two companies have expanded their agreement to cover more patents.
Nokia and Samsung have agreed terms to expand their patent cross license agreement to cover certain additional patent portfolios of both parties. This agreement is in addition to the outcome of the arbitration between the two companies that was announced on February 1, 2016.
The agreement announced today expands access for each company to patented technologies of the other and reinforces Nokia’s leadership in technologies for the programmable world. With this expansion, Nokia expects a positive impact to the net sales of Nokia Technologies starting from the third quarter of 2016.
Nokia has said that the new deal will increased their patent sales to €950 million a year. You can find out more details about the new deal between Nokia and Samsung at the link below.
Source NokiaFiled Under: Technology News, Top News