Nokia and Samsung have announced that they signed a 5G cross-licenses patent agreement after its expiration in late 2022.
According to the agreement Samsung will pay Nokia for a multi-year period for its “fundamental innovations in 5G and other technologies” with it starting on January 2023.
The terms of the agreement have been kept confidential between the tech giants.
Upon the agreement, 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.”
Related:
Nokia enhances GBI optical network from mid-east and Europe
Malaysia gets 50 percent people connected by 5G network
The agreement respects the idea that Nokia revealed Nokia Technologies’ commentary in its financial report for the third quarter and January – September 2022 released on October 20, 2022.
Nokia’s patent profile is one of the industry-leading with €130 investment in its R&D since 2000. The company forked out €4 billion in 2021 alone.
The company boasts 20,000 patent families with 4,500 being for 5G.
Nokia says that the company can license and use its innovations without making substantive investments in the standards for developing its commercial products and services.