Nokia, Huawei Sign Patent License Agreement; Stock Up

Nokia, Huawei Sign Patent License Agreement; Stock Up”

More than 90 per cent of Nokia's revenue comes from telecoms network equipment, but the licensing payments are highly profitable which is especially welcome as the network business is suffering an industry-wide slump.

Nokia announced Wednesday a multi-year patent license agreement with China smartphone maker Huawei.

In its most recent quarterly report, Chief Executive Rajeev Suri said licensing is a focus for the company as it enjoys excellent momentum and has considerable opportunities to further develop in 2018 and beyond.

Among other things, Nokia's patent catalog covers technology that conserves battery life, improves radio reception, and reduces the need for separate hardware components in phones.

Nokia didn't provide specifics of the deal, calling them confidential.

Experts of patent licensing are of the opinion that the Huawei deal would be smaller than from Apple, which he estimated to be around Euro 250 million ($297 million) annually. An analyst speculates that Huawei's payments may be around €100 million per year.

Nokia built up its catalogue of patents in the days when the company dominated the mobile handset business.

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