Nokia to cash in with Apple cross-license renewal

Nokia to cash in with Apple cross-license renewal

Business news |
By Peter Clarke

Nokia has said it has signed a cross-license patent agreement with Apple that will replace a current license that is due to expire at the end of 2023.

The license covers fundamental innovations in 5G communications and other technologies and will see Nokia receiving payments from Apple for a multi-year period, Nokia said.

The estimated aggregate size of the payments or the formula by which they are calculated was not disclosed although some indication may become apparent in 2024. Nokia expects to start recognizing the revenue from the license agreement in January 2024.

Jenni Lukander, President of Nokia Technologies, said: “We are delighted to have concluded a long-term patent license agreement with Apple on an amicable basis. The agreement reflects the strength of Nokia’s patent portfolio, decades-long investments in R&D, and contributions to cellular standards and other technologies.”

Nokia said it has invested more than €140 billion in R&D since 2000 and has more than 20,000 patent families, including over 5,500 patent families declared essential to 5G communications.

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