January 29, 2023

Final replace: January 23, 2023 2:25 PM EST

The phrases of the settlement stay confidential.

Nokia mentioned on Monday that it has signed a brand new patent cross-licensing settlement with Samsung following the expiration of the earlier settlement on the finish of 2022.

Nokia mentioned on Monday that it has signed a brand new patent cross-licensing settlement with Samsung following the expiration of the earlier settlement on the finish of 2022.

“Beneath the settlement, which covers Nokia’s basic innovations in 5G and different applied sciences, Samsung will make funds to Nokia for a number of years beginning January 1, 2023,” the Finnish firm mentioned in an announcement.

The phrases of the settlement stay confidential, he added.

The settlement is according to Nokia’s earlier disclosure of long-term prospects, the corporate mentioned in an announcement.

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(This story was not edited by the News18 workers and is printed from a information company syndicated channel)

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