Nokia has announced the signing of a multi-year patent license agreement with South Korea’s Samsung. The deal grants Samsung the right to use Nokia’s video technologies in its televisions. In return, Samsung will make royalty payments to Nokia, according to a statement released by the Finnish company on Wednesday.
This agreement is distinct from the existing 5G patent license agreement between the two companies. While Nokia confirmed the terms of the new deal are confidential, it emphasized that the agreement specifically pertains to video technology usage and does not overlap with their previous arrangements concerning 5G patents.
