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Nokia and Samsung Expand Patent Agreement

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Jul 13, 2016, 9:35 AM by Eric M. Zeman

Nokia and Samsung have broadened an existing patent cross-licensing agreement to include more intellectual property. The companies ended patent litigation between the two in February with an initial cross-licensing agreement. Nokia and Samsung have built on that initial agreement to more fully take advantage of each company's offerings. Nokia and Samsung did not say what technologies the patents include, nor how much money is involved. Nokia did say, however, that the deal will push expected revenue from its patent-licensing business to more than $1 billion for the year. Nokia chiefly focuses on wireless networking infrastructure. Samsung operates a networking business, too, in addition to its consumer electronics, display, memory, and other component businesses.

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