Nokia has signed a new royalty-bearing patent licensing agreement with Samsung. Announcing the agreement, Nokia revealed that it covers Nokia’s inventions in 5G and other technologies. The Patent deal in question is a multi-year agreement under which Samsung will make payment to Nokia for many years.
However, this is not the first patent deal between Nokia and Samsung. Samsung has been paying royalty to Nokia in another patent licensing agreement inked in 2016. The last agreement between the two firms expired in December 2022.
As expected, Nokia has not disclosed the revenue expected from this deal. The press release just mentions, “Under the agreement, Samsung will make royalty payments to Nokia. The terms of the agreement remain confidential between the parties”. Read the full press release below.
Nokia and Samsung sign 5G patent license agreement
- 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
23 January 2023
Espoo, Finland – Nokia announced today it 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.
Jenni Lukander, President of Nokia Technologies, said: “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.”
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.
Nokia’s industry-leading patent 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. Companies can license and use these technologies without the need to make their own substantial investments in the standards, fueling innovation and the development of new products and services for consumers.
In recent times Nokia has signed royalty-bearing licensing agreements with likes of Lenovo, Samsung, Xiaomi, Apple, LG, and Blackberry. You can check our full coverage of Nokia’s patent licensing news here.