Nokia announced this Monday, 23, a new reciprocal licensing agreement with Samsung, covering patents for 5G technologies, among others. The partnership comes after the expiration of the contract that the two companies had at the end of 2022.

The deal covers Nokia’s key inventions for 5G and other technologies, for which Samsung will pay royalties. The contract, with confidential terms, will be valid for an unspecified period of years, starting on January 1, 2023. The agreement is within the perspectives that Nokia had disclosed in its financial statement for the third quarter of 2022.

Since 2000, the Finnish company informed it invested 130 billion euros (R$ 731.5 billion) in research and development. Nokia’s portfolio comprises around 20,000 patent families, with more than 4,500 considered “essential for 5G”.

The company contributes its inventions under open standards and, in return, has the right to license them on fair, reasonable, and non-discriminatory terms.

In this way, companies can license and use these technologies without making their own investments in standards.

Source: Mobile Time