BY JAMES SCOTT/ JULY 4, 2023

Another Multi-Year Patent License Agreement for 5G Technology Is Signed Between Apple and Nokia

According to the announcement by Nokia today, Apple and Nokia have inked a long-term patent license deal. This arrangement will offer Apple access to protected inventions made by Nokia in 5G and other technologies.

5G Patent License Agreement

A previous licensing agreement between the two corporations was about to run out at the end of 2023; however, the new agreement will replace the one that will expire.

5G Patent License Agreement

Although the terms of the agreement have yet to be made public by Nokia and Apple, it has been confirmed that Apple would compensate Nokia.

5G Patent License Agreement

Over 20,000 patents are in Nokia's possession, with 5,500 specifically relating to 5G technology. As a result of the importance of many of its patents, Nokia makes them available on conditions that are fair, reasonable, and non-discriminatory (FRAND).

5G Patent License Agreement

Companies can purchase licenses to use Nokia technologies for a reasonable price; nevertheless, there are occasionally disagreements on what constitutes a reasonable price.

5G Patent License Agreement

After engaging in a contentious legal battle for several years, Apple and Nokia finally settled their differences and reached a new patent licensing agreement in 2017.

5G Patent License Agreement

That agreement was slated to run out of time in 2023. The most recent agreement between Nokia and Apple will impact Nokia's financial results for the first quarter of 2024.

5G Patent License Agreement

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