A new patent cross-licensing agreement that Nokia has signed with Apple will replace its current licensing arrangement, which is due to expire at the end of 2023. The parties have jointly committed to keeping the terms of the agreement private.
President of Nokia Technologies Jenni Lukander stated: "We are pleased to have reached a long-term patent license deal on amicable terms with Apple. The deal is a testament to Nokia's robust patent portfolio, long history of R&D investments and contributions to the development of other technologies such as cellular standards.
Beginning in January 2024, Nokia anticipates recording the revenue associated with this new patent license deal. The agreement is in line with the presumptions Nokia disclosed in the information regarding the long-term forecast for Nokia Technologies specified in its first-quarter financial report released on April 20, 2023.
Nokia’s industry-leading patent portfolio is built on more than €140 billion invested in R&D since 2000 and is composed of around 20,000 patent families, including over 5,500 deemed essential to 5G. Nokia contributes its inventions to open standards in return for the right to license them on fair, reasonable and non-discriminatory (FRAND) terms. Companies can license and use these technologies without the need to make their own substantial investments in the standards, fueling innovation as well as the development of new products and services for consumers.
