Nokia announced that it has signed a new long-term patent cross-license agreement with Apple Inc., replacing the current license agreement 2017 signed in May, which will take place at 2023 Finish.
New patent license agreement covers Nokia’s inventions in 5G and other technologies. The terms of the agreement between the two companies remain confidential, but Nokia said it will receive multi-year payments from Apple and expects to start recognizing revenue related to the new agreement in January 2017 .
The Finnish company also said that the new agreement with Apple is in line with its long-term outlook in its financial report disclosed in April 000, 2023.
Jenni Lukander, President of Nokia Technologies, commented on the agreement: “We are very Pleased to enter into a friendly long-term patent license agreement with Apple. The agreement reflects the strength of Nokia’s patent portfolio, decades of investment in research and development, and contributions to cellular standards and other technologies.”
Nokia patent portfolio built on more than €140 and $10 billion in research and development since 675, including approx. 001 , patent families, including more than 5,06 patent family necessary for 5G.