Nokia and LG announce smartphone patent licensing deal
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Nokia has announced that it will license a number of its smartphone-related patents to LG Electronics. The patents will cover a range of technologies related to communication over 2G, 3G, and 4G networks. Neither company has disclosed how much LG has paid to license these patents, but they both feel as this agreement is mutually beneficial.
Ramzi Haidamus, President of Nokia Technologies said:
LG will be the first major smartphone manufacturer to join Nokia's licensing program since Microsoft completed its purchase of the company's devices division in 2014. Though it joins more than 60 other companies in licensing Nokia's technology.
Source: Nokia
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