Nokia on Friday said it has entered into a new long-term patent license agreement with Apple. This agreement comes as the existing license between the two companies is set to expire at the end of 2023.
While the specific details of the agreement remain confidential between Nokia and Apple, it encompasses Nokia’s innovations in 5G technology and other related technologies. Nokia, known for its extensive investments in research and development, has built a patent portfolio comprising more than 20,000 patents, with over 5,500 patents declared essential to 5G.
Jenni Lukander, the president of Nokia Technologies, emphasised that the agreement is a testament to the strength of Nokia’s patent portfolio, which has been built over decades of dedicated research and development, as well as contributions to cellular standards and other technologies.