Nokia and Samsung have agreed terms to expand their patent cross license agreement to cover certain additional patent portfolios of both technology companies.
This agreement is in addition to the outcome of the arbitration between the two companies that was announced on February 1, 2016.
Nokia expects a positive impact to the net sales of Nokia Technologies starting from the third quarter of 2016. Nokia Technologies’ annualized net sales related to patent and brand licensing is expected to grow to a run rate of approximately EUR 950 million by the end of 2016.
“With intellectual property portfolios from Nokia Technologies, Nokia Networks and Alcatel-Lucent, Nokia has a wealth of technologies relevant to mobile devices and beyond,” said Ramzi Haidamus, president of Nokia Technologies.
Nokia Technologies is Nokia’s technology and licensing business. Nokia Technologies will be focusing on Digital Health, Digital Media, Brand Licensing and Patent Licensing.