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Nokia signs new 5G patent deal with Samsung

Published 23/01/2023, 07:05
Updated 23/01/2023, 21:01
© Reuters. FILE PHOTO: A view of the logo at the headquarters of the Finnish telecoms company Nokia in Espoo, Finland March 16, 2021.  Lehtikuva/Heikki Saukkomaa via REUTERS

OSLO (Reuters) - Nokia (HE:NOKIA) said on Monday it has signed a new cross-license patent agreement with Samsung (LON:0593xq) 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.

© Reuters. FILE PHOTO: A view of the logo at the headquarters of the Finnish telecoms company Nokia in Espoo, Finland March 16, 2021.  Lehtikuva/Heikki Saukkomaa via REUTERS

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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