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Nokia, Samsung expand patent cross-licensing agreement

Wednesday 13 July 2016 | 08:30 CET | News
Nokia and Samsung have agreed terms to expand their cross-license agreement to cover certain additional patent portfolios of both parties. This agreement is in addition to the outcome of the arbitration between the two companies, announced in February. The agreement expands access for each company to patented technologies of the other. Nokia said it expects a positive impact on net sales from the deal, starting from the third quarter. This will take Nokia Technologies' annualized net sales related to patent and brand licensing to a run rate of EUR 950 million by the end of 2016.

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