Nokia’s patent portfolio is constructed on greater than 140 billion euros
Nokia mentioned on Friday it had signed a brand new longterm patent license settlement with Apple, as the present license between the businesses expires on the finish of 2023.
Nokia mentioned on Friday it had signed a brand new lengthy-time period patent license settlement with Apple, as the present license between the businesses expires on the finish of 2023.
While phrases of the settlement stay confidential between the businesses, it covers Nokia’s innovations in 5G and different applied sciences.
Nokia mentioned the corporate expects to acknowledge income associated to the settlement beginning January 2024, and it’s according to the corporate’s lengthy-time period outlook disclosed within the first quarter.
Nokia’s patent portfolio is constructed on greater than 140 billion euros ($152.70 billion) invested in analysis & growth and consists of round 20,000 patents, together with over 5,500 declared important to 5G, the Finnish firm mentioned.
”The settlement displays the energy of Nokia’s patent portfolio, a long time-lengthy investments in R&D, and contributions to mobile requirements and different applied sciences,” mentioned Jenni Lukander, president of Nokia Technologies.
(This story has not been edited by News18 workers and is printed from a syndicated information company feed – Reuters)
