Nokia has signed a new cross-licensing deal with Samsung, following an old deal that expired at the end of 2022. The Finnish company Nokia receives a significant part of its income from license fees for the use of its patented technologies. In this sense, the extension of the license agreement with Samsung Electronics is a landmark event for it. This year, license deductions from the South Korean giant resumed on January 1.
As Bloomberg explains, the previous license agreement expired at the end of last year, and now the parties have managed to extend it. It covers fundamental technological solutions of Nokia in the field of communication networks of the 5G generation. Therefore, in modern conditions, it is strategically important for Samsung. The South Korean licensee will be able to continue the production of devices using patented Nokia technologies.
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Nothing is reported about the terms of the new license agreement. However, Nokia representatives note that it was concluded on friendly terms. “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,” said Jenni Lukander, President of Nokia Technologies.
In December of last year, Nokia managed to conclude a license agreement with Huawei Technologies. It should have signed two other identical agreements with other major Chinese smartphone makers, OPPO and VIVO. But these two have not yet agreed on terms with representatives of the Finnish company.
Nokia’s rival Ericsson also reached a 5G patent deal with Samsung last year, ending a dispute that had hit its quarterly revenue.
By the way, Nokia’s patent portfolio consists of about 20,000 “families” of patents, including more than 4,500 “families” of patents recognized as necessary for 5G.