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3/11/2021, 8:17 AM (Source: TeleTrader)
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Nokia, Samsung sign patent licensing deal

Nokia Corporation and the Samsung Group announced on Thursday that they signed a patent license agreement that includes the South Korean giant's use of the Finish electronics firm's "innovations in video standards."

"Samsung will make royalty payments to Nokia," the companies said in a statement but did not reveal further details of the deal, describing them as "confidential."

"We are delighted to have reached an agreement with Samsung which further validates Nokia's decades-long investments to R&D and contributions to multimedia and video technology standards," Nokia Technologies President Jenni Lukander commented in the press release.

Baha Breaking News (BBN) / MS