Nokia, Samsung Sign 5G Patent License Deal
23 January 2023 - 6:49PM
Dow Jones News
By Dominic Chopping
Nokia Corp. said Monday that it has signed a new cross-license
patent agreement with Samsung Electronics Co. Ltd. following the
expiry of a previous agreement at the end of 2022.
The Finnish telecommunications-equipment company said the
agreement covers its fundamental inventions in 5G and other
technologies, with Samsung to make payments to Nokia for a
multiyear period from Jan. 1, 2023.
Financial terms weren't disclosed.
Nokia's has spent over 130 billion euros ($141.13 billion) in
research and development since 2000 and has a portfolio of around
20,000 patent families, including more than 4,500 patent families
declared essential to 5G, it said.
Write to Dominic Chopping at dominic.chopping@wsj.com
(END) Dow Jones Newswires
January 23, 2023 02:34 ET (07:34 GMT)
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