Nokia signs new 5G patent deal with Samsung
Reuters
Published Jan 23, 2023 02:05AM ET
Updated Jan 23, 2023 04:01PM ET
OSLO (Reuters) - Nokia (NYSE:NOK) said on Monday it has signed a new cross-license patent agreement with Samsung (KS:005930) following the expiry of a 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 Finnish company said.
The terms of the agreement remain confidential, it added.
The agreement is consistent with Nokia's previous long-term outlook disclosure, the company said.
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Written By: Reuters
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