Nokia Samsung License Agreement

Under these new conditions, companies will share “some additional patent portfolios.” The couple`s previous agreement covered a series of non-specific patents, and the latter announcement is equally vague. But Nokia – which has significantly increased its patent strength with the purchase of Alcatel-Lucent for $16 billion – has been more concrete about the financial outcome of the deal, which, as it said, will increase patent and licensing revenues to around 950 million euros a year. Definitely a figure on which it is worth writing. The Nokia/Samsung agreement was due to expire at the end of 2013. According to Nokia, Samsung will pay additional compensation to Nokia from 1 January 2014 and the amount of this compensation will be “finally settled by binding arbitration” which should be finalised at some point in 2015. As a result, the terms of the agreement were not disclosed. TechCrunch said Nokia said the terms of its licensing agreements are confidential and that Nokia currently has contracts with 50 companies, “including most of the major handset providers.” Nokia (NYSE:NOK) and Samsung Electronics have renewed their patent licensing agreements for a further five years, which is likely to be a blessing for Nokia, given that the mobile distribution business will be sold to Microsoft (NASDAQ:MSFT) and patents will become an important part of its business. “With intellectual property portfolios from Nokia Technologies, Nokia Networks and Alcatel-Lucent, Nokia has a multitude of technologies relevant to mobile devices and beyond. We welcome this extended agreement with Samsung, which recognizes the strength of our assets, and we continue to pursue new licensing opportunities in a number of different industries,” said Ramzi Haidamus, president of Nokia Technologies, in a statement. FORWARD-LOOKING STATES It should be noted that Nokia and its companies are exposed to various risks and uncertainties and that certain statements that are not historical facts are forward-looking statements. These forward-looking statements reflect Nokia`s current expectations and opinions on future developments and contain statements about: A) expectations, plans or benefits related to our strategies and growth management; B) expectations, plans or benefits related to the future performance of our businesses; C) expectations and objectives in terms of financial performance, results, operating expenses, taxation, exchange rates, hedging, cost reduction and competitiveness, as well as results of operations, including targeted synergies and synergies related to market share, prices, net sales, revenue and margins; (D) expectations, plans or benefits related to changes in the structure of the organization and operations; E) expectations about market developments, general economic conditions and structural changes; F) our ability to integrate acquired businesses into our business and deliver targeted business plans and benefits, including targeted benefits, synergies, cost savings and efficiencies; (G) expectations, plans or benefits related to future cooperation or trade cooperation or patent or arbitration licensing agreements, including revenues that can be obtained through cooperation, partnership, agreement or award; H) The date of deliveries of our products and services, including our expectations in the scope of 5G services; (I) expectations and objectives regarding cooperation and partnership agreements, joint ventures or joint ventures, as well as administrative, legal, regulatory and other conditions and the expected scope of our clients; J) The outcome of ongoing and ongoing litigation, arbitration, litigation, regulatory proceedings or investigations by ongoing and ongoing public authorities; (K) expectations regarding restructuring, investments, capital structure optimization efforts, use of proceeds from operations, acquisitions and divestitures, and our ability to meet financial and operational objectives set in connection with such restructurings, investments, capital structure optimization efforts, divestitures and acquisitions; E