In accordance with the contract, which covers Nokia's basic innovations in 5G and other technologies, Samsung will pay Nokia over a number of years starting on January 1, 2023. The parties agree to keep the terms of the agreement private.

 

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 in line with the presumptions Nokia stated in the commentary on its long-term prognosis for Nokia Technologies in its financial report for the third quarter and the period from January to September 2022, which was released on October 20, 2022.

 

Approximately 20,000 patent families, including more than 4,500 patent families identified as important to 5G, make up Nokia's market-leading patent portfolio, which is based on more than €130 billion invested in R&D since 2000. In exchange for the ability to licence them under FRAND (fair, reasonable, and non-discriminatory) terms, Nokia contributes its innovations to open standards. Without having to make significant expenditures in the standards themselves, businesses can licence and use these technologies, encouraging innovation and the creation of new goods and services for customers.

 

We are dedicated to innovation and technology leadership across mobile, fixed, and cloud networks as a dependable partner for vital networks. We add value through long-term research and intellectual property, under the direction of the renowned Nokia Bell Labs. 

 

We contribute to the development of the skills required for a more productive, sustainable, and inclusive world by upholding high standards of integrity and security.