Nokia has announced it signed a new long-term patent cross-license agreement with Apple to replace the current license agreement signed back in May 2017, which is set to expire towards the end of 2023.
The new patent license agreement covers Nokia’s inventions in 5G and other technologies. The terms of this agreement between the two companies remain confidential, but Nokia said it will receive payments from Apple for a multi-year period and expects to recognize the revenue related to this new agreement starting in January 2024.
The Finnish company also said that the new agreement…
Read more on gsmarena