Nokia signs new 5G patent deal with Samsung
Nokia said on Monday it has signed a new cross-license patent agreement with Samsung following the expiry of a previous agreement at the end of 2022. “Under the agreement, which covers Nokia’s fundamental inventions in 5G and other technologies, Samsung will make payments to Nokia for a multi-year period beginning 1 January 2023,” the Finnish company said. The terms of the agreement remain confidential, it added. The agreement is consistent with Nokia’s previous long-term outlook disclosure, the company said. What is 5G? The successor to the current 4G network technology introduced commercially in 2009 promises nearly instantaneous transfers of huge amounts of data that will likely bring major changes to an array of consumer and health products. But it will take time for the network to be extensive enough to respond the high expectations it has raised. Consumers will not initially notice vastly faster speeds because 5G coverage will be limited to certain cities or neighbourhood...