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Nokia and Samsung Settle Patent Licensing Deal

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Feb 1, 2016, 8:18 AM by Eric M. Zeman

Nokia today said it has reached an agreement with Samsung over the licensing of its wireless patents. The companies have been disputing the value of Nokia's patents since Nokia sold its handset division to Microsoft. Samsung said the sale violated the terms of the existing licensing agreement between the two. The firms have finally set new licensing terms, but did not disclose the financial details. Nokia is facing a similar issue with LG, and is expected to renegotiate licensing terms with Apple in the next few years. Even though Microsoft owns Nokia's former handset business, Nokia maintained ownership of its patent portfolio, which it continues to license out to other companies. Nokia's core business, however, is now its telecommunications networking equipment division. Nokia is currently integrating its telecom gear business with Alcatel-Lucent.

Reuters »

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