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Stock impact report

Nokia and Samsung extend their patent license agreement

Nokia Corporation Sponsored American Depositary Shares (NOK) 
Last nokia corporation sponsored american depositary shares earnings: 4/30 01:00 am Check Earnings Report
US:NYSE Investor Relations: nokia.com/en_int/investors
Company Research Source: GlobeNewswire
Press ReleaseOctober 25, 2018 Espoo, Finland - Nokia announced today, in conjunction with its results announcement for Q3 and January-September 2018, that it has extended the patent license agreement between Nokia and Samsung, which would otherwise have expired at the end of 2018. Under the agreement, Samsung will make payments to Nokia for a multi-year period beginning 1 January 2019 onwards. The terms of the agreement remain confidential between the parties."Samsung is a leader in the smartphone industry and has been a Nokia licensee for many years," said Maria Varsellona, Nokia Chief Legal Officer and President of Nokia Technologies. "We are pleased to have reached agreement to extend our license. This agreement demonstrates the strength of our patent portfolio and our leadership in R&D and licensing for cellular standards including 5G." About NokiaWe create the technology to connect the world. Powered by the research and innovation of Nokia Bell Labs, we serve communic Show less Read more
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