© Reuters. FILE PHOTO: A view of the logo at the headquarters of the Finnish telecoms company Nokia in Espoo, Finland March 16, 2021. Lehtikuva/Heikki Saukkomaa via REUTERS
OSLO (Reuters) – Nokia (NYSE:) said on Monday it has signed a new cross-license patent agreement with Samsung (KS:) following the expiry of a 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, 2023,” the Finnish company said.
The terms of the agreement remain confidential, it has been added.
The agreement is consistent with Nokia’s previous long-term outlook disclosure, the company said.