Samsung and Nokia commit on a new 5G patent agreement.

The previous cross-license patent arrangement between Nokia and Samsung, which was set to expire at the end of 2022, has been replaced, according to a statement from Nokia on Monday.

Nokia renewed the 5g deal with Samsung before it's expiry.

OSLO, Jan 23 (Reuters) - Nokia (NOKIA.HE) said on Monday it has signed a new cross-license patent agreement with Samsung following the expiry of a previous agreement at the end of 2022.

"Under the agreement, which covers Nokia's fundamental inventions in 5G and other technologies, Samsung will make payments to Nokia for a multi-year period beginning 1 January 2023," the Finnish company said.

The terms of the agreement remain confidential, it added.

The agreement is consistent with Nokia's previous long-term outlook disclosure, the company said.


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