Finland, Feb. 8 -- Nokia today announced it has signed its last remaining major smartphone patent license agreement and concluded its smartphone patent licence renewal cycle which began in 2021. Nokia Technologies - Nokia's licensing business - will now enter a period of stability with no major smartphone agreements expiring for a number of years.
Today's announcement follows recent agreements with Honor, OPPO, vivo, and the new agreement now concluded with a company whose license expired earlier, as well as the license agreements signed with Apple and Samsung last year, and Huawei in December 2022.
As a result, Nokia Technologies currently has an annual net sales run-rate (contracted recurring net sales) of approximately EUR 1.3 billion,...