Nokia and Samsung have agreed to expand the cross license agreement covering patents, extending said coverage over additional patent portfolios of both parties. This newly acquired access on both fronts will enable Samsung and Nokia to further develop, launch and support more advanced technology.
While the exact list of patents already covered by the license, as well as the new specific listings, are rather vague Nokia did note in its press release the company expects revenue from patent and brand licensing to hit a combined total of approximately €950 million (just over $1 billion).
Nokia and Samsung expand their intellectual property cross license
Espoo, Finland - Nokia and Samsung have agreed terms to expand their patent cross license agreement to cover certain additional patent portfolios of both parties. This agreement is in addition to the outcome of the arbitration between the two companies that was announced on February 1, 2016.
The agreement announced today expands access for each company to patented technologies of the other and reinforces Nokia's leadership in technologies for the programmable world. With this expansion, Nokia expects a positive impact to the net sales of Nokia Technologies starting from the third quarter of 2016.
With this expanded agreement, Nokia Technologies' annualized net sales related to patent and brand licensing is expected to grow to a run rate of approximately EUR 950 million by the end of 2016.
"With intellectual property portfolios from Nokia Technologies, Nokia Networks and Alcatel-Lucent, Nokia has a wealth of technologies relevant to mobile devices and beyond," said Ramzi Haidamus, president of Nokia Technologies. "We welcome this expanded agreement with Samsung which recognizes the strength of our assets, and we continue to pursue new licensing opportunities across a number of diverse industries."