STOCKHOLM (Reuters) – Nokia has struck a deal with Samsung to license patents covering its innovations in video standards, the Finnish telecom company said Thursday.
Although the companies have not disclosed the financial terms of the deal, Samsung will make royalty payments to Nokia.
Nokia’s patent portfolio consists of approximately 20,000 patent families, of which over 3,500 are declared essential for 5G.
The deal comes months after rival Ericsson filed a U.S. lawsuit against Samsung in a royalty and patent licensing dispute.
The U.S. International Trade Commission said last month it would open an investigation after Ericsson alleged that Samsung infringed some of its patents in next-generation 4G and 5G wireless cellular communications infrastructure systems.
Reporting by Supantha Mukherjee in Stockholm; Editing by Anil D’Silva