Nokia signs new 5G patent deal with Samsung

[January 23, 2023]  OSLO (Reuters) - Nokia said on Monday it has signed a new cross-license patent agreement with Samsung following the expiry of a previous agreement at the end of 2022. 

A view of the logo at the headquarters of the Finnish telecoms company Nokia in Espoo, Finland March 16, 2021. Lehtikuva/Heikki Saukkomaa via REUTERS

"Under the agreement, which covers Nokia's fundamental inventions in 5G and other technologies, Samsung will make payments to Nokia for a multi-year period beginning 1 January 2023," the Finnish company said.

The terms of the agreement remain confidential, it added.

The agreement is consistent with Nokia's previous long-term outlook disclosure, the company said.

(Reporting by Terje Solsvik, editing by Essi Lehto)

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