Nokia, Samsung Reach Amicable Multi-Year Agreement on 5G Patents
- Deal comes after previous patent-licensing agreement expired
- Nokia gets royalties from Samsung for use of its technology
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Nokia Oyj signed a new multiyear cross-license patent agreement with Samsung Electronics 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 2022, and covers fundamental inventions in 5G and other technologies, the Finnish company said in a statement Monday. Samsung will make payments to Nokia beginning Jan. 1, Nokia said, without disclosing further details of the deal, saying the terms are confidential.