Nokia and Samsung have agreed on a new patent license deal for 5G. Samsung will make royalty payments to Nokia in a new multi-year deal.
The previous patent licensing deal between the two companies ended at the end of 2022, it has not been revealed how long the new deal will go on.
Nokia announced today it has signed a new cross-license patent agreement with Samsung following the expiry of the previous agreement at the end of 2022.
Under the agreement, which covers Nokia’s fundamental inventions in 5G and other technologies, Samsung will make payments to Nokia for a multi-year period beginning 1 January 2023. The terms of the agreement remain confidential between the parties.
Jenni Lukander, President of Nokia Technologies, said: “Samsung is a leader in the smartphone industry, and we are delighted to have reached an amicable agreement with them. 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.”
The agreement is consistent with the assumptions that Nokia has disclosed in the long-term Nokia Technologies outlook commentary in its Financial Report for Q3 and January-September 2022 issued on October 20, 2022.
You can find out more details about the new 5G patent licensing deal between the two companies at the link below.
Source Nokia
Image Credit: Pawel Czerwinski
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