{"id":30288,"date":"2023-07-01T21:57:51","date_gmt":"2023-07-02T01:57:51","guid":{"rendered":"https:\/\/ifintechworld.com\/uncategorized\/nokia-renews-patent-license-agreement-with-apple\/"},"modified":"2023-07-01T21:57:53","modified_gmt":"2023-07-02T01:57:53","slug":"nokia-renews-patent-license-agreement-with-apple","status":"publish","type":"post","link":"https:\/\/ifintechworld.com\/?p=30288","title":{"rendered":"Nokia renews patent license agreement with Apple"},"content":{"rendered":"
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\u00a9 Reuters. FILE PHOTO: A mockup of the new Nokia logo is seen in this handout image released February 26, 2023. NOKIA\/Handout via REUTERS\/File Photo<\/span>
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(Reuters) – Nokia (NYSE:) said on Friday it had signed a new long-term patent license agreement with Apple (NASDAQ:), as the current license between the companies expires at the end of 2023.<\/p>\n

While terms of the agreement remain confidential between the companies, it covers Nokia\u2019s inventions in 5G and other technologies.<\/p>\n

Nokia said the company expects to recognize revenue related to the agreement starting January 2024, and it is consistent with the company’s long-term outlook disclosed in the first quarter.<\/p>\n

Nokia\u2019s patent portfolio is built on more than 140 billion euros ($152.70 billion) invested in research & development and is composed of around 20,000 patents, including over 5,500 declared essential to 5G, the Finnish company said.<\/p>\n

“The agreement reflects the strength of Nokia\u2019s patent portfolio, decades-long investments in R&D, and contributions to cellular standards and other technologies,” said Jenni Lukander, president of Nokia Technologies.<\/p>\n

($1 = 0.9168 euros) <\/p>\n<\/div>\n

Read the full article here<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

\u00a9 Reuters. FILE PHOTO: A mockup of the new Nokia logo is seen in this handout image released February 26, 2023. NOKIA\/Handout via REUTERS\/File Photo (Reuters) – Nokia (NYSE:) said on Friday it had signed a new long-term patent license agreement with Apple (NASDAQ:), as the current license between the companies expires at the end […]<\/p>\n","protected":false},"author":1,"featured_media":19440,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"video","meta":{"footnotes":""},"categories":[1],"tags":[83],"class_list":["post-30288","post","type-post","status-publish","format-video","has-post-thumbnail","hentry","category-uncategorized","tag-featured","post_format-post-format-video"],"yoast_head":"\nNokia renews patent license agreement with Apple | iFintechWorld<\/title>\n<meta name=\"description\" content=\"\u00a9 Reuters. FILE PHOTO: A mockup of the new Nokia logo is seen in this handout image released February 26, 2023. 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