Nokia has signed a new royalty-bearing patent licensing agreement with Samsung. Announcing the agreement, Nokia revealed that the South Korean firm will use Nokia’s fundamental inventions in 5G and other technologies in its smartphones and other mobile devices.
Nokia is a force to reckon with in the 5G connectivity space, and it has over 20,000 patent families, with 4,500 of them deemed essential to 5G.
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.