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Nokia Signs Multi-Year Patent License Agreement with Samsung
Helsinki: Finland’s Nokia announced it has entered into a multi-year patent license agreement with Samsung for the utilization of Nokia’s video technologies in Samsung’s televisions.
According to Radio Television Brunei, the agreement stipulates that Samsung will make royalty payments to Nokia. The Finnish company released a statement confirming this arrangement.
The newly signed deal is distinct from the existing 5G patent license agreement between Nokia and Samsung. Nokia specified that the terms of the agreement remain confidential between the two parties.