Nokia is now renewing its patent license agreement with Samsung. Well, with this Samsung can now use the patents made by Nokia for multiple more years.

Nokia extends its patent license agreement with Samsung

Note that the existing agreement between the two companies will expire at the end of 2018. The last agreement between the companies was five years long agreement. Well, Nokia in its statement didn’t specify the tenure for the new agreement.

The new agreement covers not only the patents but 5G network-related cellular standards as well.