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SSNHZ Samsung Electronics Company Ltd (PK)

1,679.75
0.00 (0.00%)
17 Aug 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type
Samsung Electronics Company Ltd (PK) USOTC:SSNHZ OTCMarkets Common Stock
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.00 0.00% 1,679.75 1,317.32 1,613.70 0.00 05:01:41

Nokia, Samsung Sign 5G Patent License Deal

23/01/2023 7:49am

Dow Jones News


Samsung Electronics (PK) (USOTC:SSNHZ)
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By Dominic Chopping

 

Nokia Corp. said Monday that it has signed a new cross-license patent agreement with Samsung Electronics Co. Ltd. following the expiry of a previous agreement at the end of 2022.

The Finnish telecommunications-equipment company said the agreement covers its fundamental inventions in 5G and other technologies, with Samsung to make payments to Nokia for a multiyear period from Jan. 1, 2023.

Financial terms weren't disclosed.

Nokia's has spent over 130 billion euros ($141.13 billion) in research and development since 2000 and has a portfolio of around 20,000 patent families, including more than 4,500 patent families declared essential to 5G, it said.

 

Write to Dominic Chopping at dominic.chopping@wsj.com

 

(END) Dow Jones Newswires

January 23, 2023 02:34 ET (07:34 GMT)

Copyright (c) 2023 Dow Jones & Company, Inc.

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