Nokia renews patent license agreement with Apple

Nokia stated on Friday it had signed a brand new long-term patent license settlement with Apple, as the present license between the businesses expires on the finish of 2023.

While phrases of the settlement stay confidential between the businesses, it covers Nokia’s innovations in 5G and different applied sciences.

Nokia stated the corporate expects to acknowledge income associated to the settlement beginning January 2024, and it’s in step with the corporate’s long-term outlook disclosed within the first quarter.

Nokia’s patent portfolio is constructed on greater than 140 billion euros ($152.70 billion) invested in analysis & growth and consists of round 20,000 patents, together with over 5,500 declared important to 5G, the Finnish firm stated.

“The agreement reflects the strength of Nokia’s patent portfolio, decades-long investments in R&D, and contributions to cellular standards and other technologies,” stated Jenni Lukander, president of Nokia Technologies.

($1 = 0.9168 euros)

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