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Nokia and Huawei Sign Patent Deal

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Dec 21, 2017, 9:39 AM by Eric M. Zeman

Nokia today said it has signed a multi-year patent licensing agreement with Huawei. Terms of the deal, including the patents in question and pricing structure, were not disclosed. Both companies make telecommunications equipment used by wireless network operators. Huawei also makes phones, while Nokia-branded handsets are made by HMD Global. "Huawei is one of China's largest companies and is among the world's leading smartphone manufacturers and we are delighted to welcome them to our family of patent licensees," said Maria Varsellona, chief legal officer at Nokia. Nokia said the only information it will share regarding the deal will appear as licensing revenue on its quarterly earnings statements.

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