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Nokia, Huawei enter patent licence agreement

Thursday 21 December 2017 | 13:51 CET | News
Nokia announced a multi-year patent licence agreement with Huawei. While details of the licence agreement remain confidential, Nokia said it will follow its existing practices for disclosing patent licensing revenue in its quarterly financial reports. It expects that revenue for the agreement will begin to be recognised in the fourth quarter, including an element of non-recurring catch-up revenue, with additional revenues expected during the term of the agreement.

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Categories: Mobile & Wireless
Companies: Huawei / Nokia
Countries: World
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