Samsung and Nokia continue 5G patent agreement with 2023 deal

Highlights

• Agreement covers Nokia’s fundamental inventions in 5G and other technologies
• Samsung to make royalty payments to Nokia for a multi-year period
• Previous agreement expired at the end of 2022

5G patent agreement between Samsung and Nokia gets continued with the latest deal between both tech giants. Nokia announced that it has signed a new multi-year agreement to license its 5G patents to Samsung after the previous agreement expired in December last year.

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As per the information, the Korean tech giant has paid Nokia since January 1, but the two companies did not disclose the terms of the transaction. Nokia contributes its inventions to open standards in exchange for licensing rights on fair, reasonable and non-discriminatory (FRAND) terms.

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The Finnish telecommunications-equipment company claims that its patent portfolio includes about 20,000 patent families, of which more than 4,500 patent families are 5G essential patents. The agreement is consistent with the assumptions that Nokia has disclosed in the long-term Nokia Technologies outlook commentary.

“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.