Nokia just announced that it's renewing its patent license agreement with Samsung and will be allowing the latter to use its patents for multiple more years.
The current agreement will expire at the end of 2018 as it was signed 5 years ago. The period of the new contract hasn't been specified as all terms of the agreement remain confidential between the two parties.
According to Nokia's Chief Legal Officer's statement, this time around, the license agreement doesn't just cover phone patents but 5G network-related cellular standards as well.
Samsung is a leader in the smartphone industry and has been a Nokia licensee for many years. We are pleased to have reached agreement to extend our license. This agreement demonstrates the strength of our patent portfolio and our leadership in R&D and licensing for cellular standards including 5G.
90's baby would be here to talk and talk because they don't know anything
Nokia broke into the Top10 faster than any brands in the new era, i'm definitely sure that it's coz of the fans that has been waiting for Nokia to come back, unfortunately only the Nokia 7Plus is the worthy phone that HMD released, but let's be clear...
Nokia fights fair, sometimes, to fair, when you think how many times were they stabbed in the back. To tell you the truth, NOKIA should keep the patents fir them selves and slowly kill the comoetition. This is how is made!