Nokia and Samsung Sign 5G Patent License Agreement
Nokia has signed a new cross-license patent agreement with Samsung following the expiry of the 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 terms of the agreement remain confidential between the parties.
“Samsung is a leader in the smartphone industry, and we are delighted to have reached an amicable agreement with them. The agreement gives both companies the freedom to innovate, and reflects the strength of Nokia’s patent portfolio, decades-long investments in R&D, and contributions to cellular standards and other technologies,” said Jenni Lukander, President of Nokia Technologies.
The agreement is consistent with the assumptions that Nokia has disclosed in the long-term outlook commentary in its financial report for Q3 and January-September 2022 issued on October 20, 2022. Nokia’s 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.