Nokia signs new 5G patent deal with Samsung By Reuters

OSLO (Reuters) - Nokia (NYSE:) said on Domestic foreign exchange transactionsMonday 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 1 January 2023," the Finnish company said.

The terms of the agreement remain confidential, it added.

The agreement is consistent with Nokia's previous long-term outlook disclosure, the company said.

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