The Finnish telecom equipment maker also said on Monday that it has signed a new multi-year agreement to license its 5G patents to Samsung. It has signed a new cross-license patent agreement with Samsung following the expiry of a previous agreement at the end of 2022.
"Under the agreement, which covers Nokia's fundamental inventions in 5G and other technologies, Samsung will make payments to Nokia for a multi-year period beginning 1 January 2023," the Finnish company said.
The terms of the agreement remain confidential, it added.
The agreement is consistent with Nokia's previous long-term outlook disclosure, the company said.
Nordic rival Ericsson last year also reached an agreement on 5G patents with Samsung, ending a dispute that hit its quarterly revenue.
Nokia's patent portfolio is made of around 20,000 patent families, including over 4,500 patent families declared essential to 5G.
(From inputs from Reuters)
Check out our in-depth Market Coverage, Business News & get real-time Stock Market Updates on CNBC-TV18. Also, Watch our channels CNBC-TV18, CNBC Awaaz and CNBC Bajar Live on-the-go!
Lok Sabha Election 2024: Issues raised by Prime Minister Modi have not resonated with people of Tamil Nadu, says Congress
Apr 19, 2024 11:38 PM
West Bengal Lok Sabha elections 2024: A look at Congress candidates
Apr 19, 2024 8:45 PM