Nokia signs multi-year patent license agreement with Samsung

COPENHAGEN (Reuters) – Finland’s Nokia (HE:) said on Wednesday it had signed a multi-year patent license agreement with Samsung (KS:) , for the use of Nokia’s video technologies in the South Korean company’s televisions.

Under the agreement, Samsung will make royalty payments to Nokia, the Finnish company said in a statement.

The new deal is separate from Nokia and Samsung’s existing 5G patent license agreement, Nokia said, adding that the terms of the agreement were confidential between the parties.