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Nokia signs patent license pact with Samsung

Published 03/11/2021, 01:50 AM
Updated 03/11/2021, 01:55 AM
© Reuters. FILE PHOTO: Visitors gather outside the Nokia booth at the Mobile World Congress in Barcelona
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STOCKHOLM (Reuters) - Nokia (NYSE:NOK) has struck a deal with Samsung (KS:005930) to license patents covering its innovations in video standards, the Finnish telecom company said on Thursday.

While the companies did not disclose the financial terms of the agreement, Samsung will make royalty payments to Nokia.

Nokia's patent portfolio is composed of around 20,000 patent families, including over 3,500 declared essential to 5G.

The deal comes months after rival Ericsson (BS:ERICAs) filed a lawsuit in the United States against Samsung in a dispute over royalty payments and patent licenses.

© Reuters. FILE PHOTO: Visitors gather outside the Nokia booth at the Mobile World Congress in Barcelona

The U.S. International Trade Commission said last month it would open an investigation after Ericsson claimed Samsung had infringed on some of its patents in 4G and next generation 5G wireless cellular communications infrastructure systems.

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