Nokia has signed a new patent cross-license agreement with Apple which will replace the current license that is due to expire at the end of 2023.
Apple and Nokia did not reveal the terms of the agreement.
Jenni Lukander, President of Nokia Technologies, said: “We have concluded a long-term patent license agreement with Apple on an amicable basis. The agreement reflects the strength of Nokia’s patent portfolio, decades-long investments in R&D, and contributions to cellular standards and other technologies.”
Nokia expects to recognize the revenue related to this new patent license agreement starting in January 2024.
Nokia has invested more than €140 billion in R&D since 2000. Nokia has around 20,000 patent families, including over 5,500 patent families declared essential to 5G.
