Nokia and Huawei have entered into a patent agreement

By: Bohdan Chub | 21.12.2017, 13:30
Nokia and Huawei have entered into a patent agreement

Nokia, one of the largest manufacturers of telecommunications equipment, has concluded a multi-year patent agreement with the Chinese giant Huawei. Financial terms of the deal were not disclosed.

Collect them all

In the report for the fourth quarter, the company will include a one-time payment from Huawei, and the entire period of the agreement Nokia will receive royalties. It is noteworthy that today almost all large smartphone manufacturers pay for the use of Nokia patents (not to be confused with HMD, which produces mobile devices of the Finnish brand). Among the partners are Apple, which simply tired of dragging around the courts, Samsung Electronics, LG and Xiaomi.

According to analysts, Nokia will receive from Huawei about 100 million euros per year, while Apple's annual deductions are estimated at 250 million euros.

Source: Reuters