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Nokia signs new 5G patent deal with Samsung
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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.
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.
“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)
5G technology is the fifth generation of mobile network technology, offering faster speeds, lower latency, and the ability to connect more devices simultaneously compared to previous generations.
Fundamental inventions refer to basic, foundational technologies or ideas that serve as the building blocks for further innovations and developments in a particular field.
A multi-year payment plan is a financial agreement where payments are spread out over multiple years, allowing for manageable installments rather than a lump-sum payment.
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