Nokia signed a new patent cross-license agreement with Apple which will replace the current license that is due to expire at the end of 2023. Financial terms were not disclosed.
Nokia said it expects to recognize the revenue related to this new patent license agreement starting in January 2024.
Jenni Lukander, President of Nokia Technologies, said: “We are delighted to have concluded a long-term patent license agreement with Apple on an amicable basis. The agreement reflects the strength of Nokia’s patent portfolio, decades-long investments in R&D, and contributions to cellular standards and other technologies.”
Source: Nokia
