UK markets closed
  • FTSE 100

    7,019.53
    +36.03 (+0.52%)
     
  • FTSE 250

    22,522.18
    +50.18 (+0.22%)
     
  • AIM

    1,254.25
    +6.12 (+0.49%)
     
  • GBP/EUR

    1.1540
    +0.0029 (+0.25%)
     
  • GBP/USD

    1.3840
    +0.0056 (+0.41%)
     
  • BTC-GBP

    40,229.42
    -3,841.40 (-8.72%)
     
  • CMC Crypto 200

    1,398.97
    +7.26 (+0.52%)
     
  • S&P 500

    4,185.47
    +15.05 (+0.36%)
     
  • DOW

    34,200.67
    +164.67 (+0.48%)
     
  • CRUDE OIL

    63.07
    -0.39 (-0.61%)
     
  • GOLD FUTURES

    1,777.30
    +10.50 (+0.59%)
     
  • NIKKEI 225

    29,683.37
    +40.67 (+0.14%)
     
  • HANG SENG

    28,969.71
    +176.61 (+0.61%)
     
  • DAX

    15,459.75
    +204.45 (+1.34%)
     
  • CAC 40

    6,287.07
    +52.93 (+0.85%)
     

Nokia signs patent license pact with Samsung

·1-min read
FILE PHOTO: Visitors gather outside the Nokia booth at the Mobile World Congress in Barcelona

STOCKHOLM (Reuters) - Nokia has struck a deal with Samsung to license patents covering its innovations in video standards, the Finnish telecom company said on Thursday.

While the companies did not disclose the financial terms of the agreement, Samsung will make royalty payments to Nokia.

Nokia's patent portfolio is composed of around 20,000 patent families, including over 3,500 declared essential to 5G.

The deal comes months after rival Ericsson filed a lawsuit in the United States against Samsung in a dispute over royalty payments and patent licenses.

The U.S. International Trade Commission said https://www.reuters.com/article/us-ericsson-samsung-elec-patents-idUSKBN2AG2QB last month it would open an investigation after Ericsson claimed Samsung had infringed on some of its patents in 4G and next generation 5G wireless cellular communications infrastructure systems.

(Reporting by Supantha Mukherjee in Stockholm; Editing by Anil D'Silva)