Skip to main content

Nokia Apple renew 2017 5G licence agreement

Nokia has announced that it has signed a new long-term patent licence agreement with Apple. The deal replaces the current licence agreement signed back in May 2017 and which is due to expire at the end of 2023.Nokia said that it will receive payments from Apple for a multi-year period and expects to recognize the revenue related to this new agreement starting in January 2024. It added that the revenue expected is consistent with the company's long-term outlook disclosed in the first quarter. Reports suggest that Apple made an up-front cash payment to Nokia and also received other payments from Apple over the life of the agreement.

from Gadgets Now https://ift.tt/C79iXGh
Labels:

Comments

Post a Comment

Popular posts from this blog

TCL 10 Pro and 10L will get Android 11 and two years of security updates

Back in April TCL made the 10 Pro and 10L official, and they went on sale earlier this month. These are the two Android smartphones that the company is primarily using to make a name for itself outside of China. While TCL has made a lot of Alcatel and BlackBerry branded handsets over the years, few people in the Western world know about it in this respect. Neither the 10 Pro nor the 10L are proper flagship devices, instead TCL is apparently emulating HMD Global's initial strategy with the revived Nokia brand - go after the mid-range first. Though nowadays even in that price segment,... from GSMArena.com - Latest articles https://ift.tt/3gf1B1q via
Post a Comment
Read more