A Renewed Partnership in Technology
Nokia, a trailblazer in telecommunications, has entered a new phase in its relationship with tech giant Apple, solidifying a long-term patent cross-licensing agreement. This fresh arrangement is set to replace the existing license agreement expiring at the end of 2023. Both companies have agreed to keep the specifics of this deal confidential.
Mutual Acknowledgment of Innovation
Jenni Lukander, President of Nokia Technologies, expressed satisfaction with the amicable terms of the agreement with Apple. She highlighted it as a recognition of Nokia’s substantial patent portfolio and its longstanding commitment to research and development (R&D), particularly in areas like cellular standards.
Financial Implications and Strategic Alignment
Nokia expects to start recognizing revenue from this new licensing deal starting January 2024. This agreement aligns with the financial forecasts for Nokia Technologies, as detailed in the company’s first-quarter financial report published on April 20, 2023.
Nokia’s Patent Legacy and Industry Contributions
Nokia’s leading position in the patent domain is built on a foundation of over €140 billion invested in R&D since 2000. The company’s patent portfolio comprises approximately 20,000 families, including over 5,500 patents essential to 5G technology. Nokia plays a significant role in contributing its innovations to open standards, offering its patented technologies on fair, reasonable, and non-discriminatory (FRAND) terms. This approach allows other companies to leverage these technologies without substantial independent investment, thereby spurring innovation and the development of new consumer products and services.