Nokia extends mobile patent licences to Samsung for another 5 years, price TBD

Nokia extends mobile patent licences to Samsung for another 5 years, price TBD
Nokia sent out a presser that it has extended the secretive agreement it had with Samsung on mobile related patents for another five years. The kicker is that the price Samsung will have to pony up will not be known until 2015 rolls in.

It will ultimately be settled in a binding arbitration then, likely with a lot of variables clearer, such as Samsung's total phone turnaround, and Nokia being a separate entity at the time, that will have the rights on the vast patent portfolio after Microsoft acquires the Devices & Services division next year.

This extension and agreement to arbitrate represent a hallmark of constructive resolution of licensing disputes, and are expected to save significant transaction costs for both parties”, bragged Paul Melin, Chief Intellectual Property Officer for Nokia.

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10 Comments

1. theminolaboy

Posts: 128; Member since: May 18, 2013

This is Nokia wielding their claws..

2. darkskoliro

Posts: 1092; Member since: May 07, 2012

Nokia patents are another source of their much needed income hahahaha.

3. papss unregistered

See HTC this is how it's supposed to be done

7. rusticguy

Posts: 2828; Member since: Aug 11, 2012

It is still a matter of "arbitration" and fees not paid yet. Perhaps Samsung wants same deal from Nokia as it handed out to Apple and was leaked ...

9. hemedans

Posts: 746; Member since: Jun 01, 2013

and amazing thing is that, only 5% of nokia patents have been licenced. I wonder how much revenue will be generated if nokia will licence 100% of its patent.

10. hemedans

Posts: 746; Member since: Jun 01, 2013

and amazing thing is that, only 5% of nokia patents have been licenced. I wonder how much revenue will be generated if nokia will licence 100% of its patent.

14. freebee269

Posts: 541; Member since: Aug 10, 2012

probably enough that they could come back into the mobile game when their agreement to stay out of it ends with microsoft.

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