Nokia and Samsung hailed the renewal of a patent cross-licensing deal covering 5G technologies, a move the Nokia stated refreshed an agreement which expired at the close of 2022.
The new agreement sees Samsung’s royalty payments backdated to 1 January, with the deal set to span several years.
Nokia did not disclose specifics about the make-up of the cross-licensing deal, noting only the agreement was consistent with assumptions made in its Q3 2022 earnings statement regarding its outlook.
President of Nokia Technologies, Jenni Lukander noted it reached an “amicable” agreement with Samsung, giving both companies “freedom to innovate”.
In 2021, Samsung ended a long-running legal dispute with Ericsson when it agreed a patent licence deal covering several mobile technologies.
Nokia’s industry-leading patent portfolio is built on more than €130 billion invested in R&D since 2000 and is composed of around 20,000 patent families, including over 4,500 patent families declared essential to 5G.
Nokia contributes its inventions to open standards in return for the right to license them on fair, reasonable and non-discriminatory (FRAND) terms. Companies can license and use these technologies without the need to make their own substantial investments in the standards, fueling innovation and the development of new products and services for consumers.