SSNHZ Samsung Electronics Company Ltd (PK)

By Dominic Chopping

Nokia Corp. said Monday that it has signed a new cross-license patent agreement with Samsung Electronics Co. Ltd. following the expiry of a previous agreement at the end of 2022.

The Finnish telecommunications-equipment company said the agreement covers its fundamental inventions in 5G and other technologies, with Samsung to make payments to Nokia for a multiyear period from Jan. 1, 2023.

Financial terms weren't disclosed.

Nokia's has spent over 130 billion euros ($141.13 billion) in research and development since 2000 and has a portfolio of around 20,000 patent families, including more than 4,500 patent families declared essential to 5G, it said.

Write to Dominic Chopping at dominic.chopping@wsj.com

(END) Dow Jones Newswires

January 23, 2023 02:34 ET (07:34 GMT)

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