Nokia and Samsung are cozying up collectively for the 2d time this yr after the duo introduced an expansion of the patent licensing deal that they agreed again in February.
below these new terms, the companies will share “sure extra patent portfolios” together going forward. The pair’s previous deal lined an unspecific set of patents, and this newest announce is equally as vague. but, Nokia — which vastly expanded its patent trove with its $ 16 billion purchase of Alcatel-Lucent — was once extra specific on the monetary consequence of this settlement, which it stated will raise revenue from patent and licensing to around EUR 950 million, that’s about $ 1 billion, per year. without a doubt a figure price writing residence about.
“With intellectual property portfolios from Nokia technologies, Nokia Networks and Alcatel-Lucent, Nokia has a wealth of applied sciences related to cellular devices and beyond. We welcome this multiplied agreement with Samsung which acknowledges the potential of our belongings, and we proceed to pursue new licensing alternatives throughout quite a lot of numerous industries,” Ramzi Haidamus, president of Nokia applied sciences, said in a remark.
Nokia is plotting a return to the consumer smartphone industry in the close to future and the Finnish agency struck a licensing deal to create a “new era of Nokia-branded cellphones and capsules” past this yr. As part of that, FIH — a subsidiary of producing giant Foxconn — obtained Nokia’s function cellphone trade from Microsoft. Nokia additionally made an immense client market move when it acquired French wearable tech firm Withings for round $ one hundred ninety million.
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