Samsung and Nokia settled their patent dispute earlier this year. The companies have now announced that they have decided to expand their patent cross-licensing agreement by adding certain additional patents (from both companies) to the mix.
This patent cross-licensing expansion will allow Samsung and Nokia to develop, launch, and support more advanced technologies. Details regarding specific patents that are included in this expansion are thin, but Nokia expects revenue of somewhere around €950 million (around $1 billion) with this patent deal.
“With intellectual property portfolios from Nokia Technologies, Nokia Networks and Alcatel-Lucent, Nokia has a wealth of technologies relevant to mobile devices and beyond. We welcome this expanded agreement with Samsung which recognizes the strength of our assets, and we continue to pursue new licensing opportunities across a number of diverse industries.”
– Ramzi Haidamus, president of Nokia Technologies.
