Nokia has signed a brand new cross-license patent settlement with Samsung following the expiry of the earlier settlement on the finish of 2022.

Below the settlement, which covers Nokia’s basic innovations in 5G and different applied sciences, Samsung will make funds to Nokia for a multi-year interval starting 1 January 2023. The phrases of the settlement stay confidential between the events.

Jenni Lukander, President of Nokia Applied sciences, mentioned: “Samsung is a frontrunner within the smartphone trade, and we’re delighted to have reached an amicable settlement with them. The settlement provides each firms the liberty to innovate, and displays the power of Nokia’s patent portfolio, decades-long investments in R&D and contributions to mobile requirements and different applied sciences.”

The settlement is according to the assumptions that Nokia has disclosed within the long-term Nokia Applied sciences outlook commentary in its Monetary Report for Q3 and January-September 2022 issued on October 20, 2022.