Nokia signs multi-year patent license agreement with Samsung

People walk next to the Nokia stand as they attend the Mobile World Congress (MWC) in Barcelona, Spain February 27, 2024. REUTERS/Bruna Casas/File Photo

COPENHAGEN (Reuters) - Finland's Nokia said on Wednesday it had signed a multi-year patent license agreement with Samsung , for the use of Nokia's video technologies in the South Korean company's televisions.

Under the agreement, Samsung will make royalty payments to Nokia, the Finnish company said in a statement.

The new deal is separate from Nokia and Samsung's existing 5G patent license agreement, Nokia said, adding that the terms of the agreement were confidential between the parties.

(Reporting by Louise Breusch Rasmussen, editing by Stine Jacobsen)