Nokia signs multi-year patent license deal with Samsung

Investing.com — Nokia (HE:), the Finnish tech company, announced on Wednesday that it has entered into a multi-year patent license agreement with Samsung (KS:). This agreement allows the South Korean tech giant to use Nokia’s video technologies in its televisions.

In return for the use of its video technologies, Nokia will receive royalty payments from Samsung. The specifics of these payments were not disclosed in the statement released by Nokia.

This new agreement does not have any connection to the existing 5G patent license agreement between Nokia and Samsung. The Finnish company clarified that the terms of both agreements are kept confidential between the two parties.

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