Nokia has revealed that it has extended its patent licensing agreement with Nokia and the agreement will run for a number of years.
The two companies first agreed a deal back in 2016, this was then extended to cover more patents and now their new deal should cover Samsung for the next few years.
Under the agreement, Samsung will make payments to Nokia for a multi-year period beginning 1 January 2019 onwards. The terms of the agreement remain confidential between the parties.
“Samsung is a leader in the smartphone industry and has been a Nokia licensee for many years,” said Maria Varsellona, Nokia Chief Legal Officer and President of Nokia Technologies. “We are pleased to have reached agreement to extend our license. This agreement demonstrates the strength of our patent portfolio and our leadership in R&D and licensing for cellular standards including 5G.”
You can find our more details about the new patent licensing deal between Nokia and Samsung at the link below.
Source Nokia
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