Nokia signs new cross-license patent agreement with Samsung, terms undisclosed

Nokia (NOK) announced it has signed a new cross-license patent agreement with Samsung (SSNLF) 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 January 1. The terms of the agreement remain confidential between the parties. The agreement is consistent with the assumptions that Nokia has disclosed in the long-term Nokia Technologies outlook commentary in its financial report for Q3 and January-September 2022 issued on October 20, 2022.