COPENHAGEN (Reuters) – Finland’s Nokia (HE:NOKIA) said on Wednesday it had signed a multi-year patent license agreement with Samsung (KS:005930) , for the use of Nokia’s video technologies in the South Korean company’s televisions.
Under the agreement, Samsung will make royalty payments to Nokia, the Finnish company said in a statement.
The new deal is separate from Nokia and Samsung’s existing 5G patent license agreement, Nokia said, adding that the terms of the agreement were confidential between the parties.
