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Nokia signs new 5G patent deal with Samsung

Nokia to cut up to 10 000 jobs by 202312

OSLO, Jan 23 (Reuters) – Nokia (NOKIA.HE) 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.

"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.

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Source reuters.com

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