What’s Nokia hunting after extended Patent Licensing deal with Samsung?
For the second time in a year, Nokia and Samsung are getting further crony by announcing its expansion of the patent licensing deal acceding back in February.
Under this rejig terms, the duo is said to share “certain additional patent portfolios” together going forward. To the previous deal, the companies covered an unspecific set of patents, and the latest announcement also takes the unclear formalities.
“With intellectual property portfolios from Nokia Technologies, Nokia Networks and Alcatel-Lucent, Nokia has a wealth of technologies relevant to mobile devices and beyond. We welcome this expanded agreement with Samsung which recognizes the strength of our assets, and we continue to pursue new licensing opportunities across a number of diverse industries,” Ramzi Haidamus, president of Nokia Technologies, said in a statement.
Some reports assert that Nokia is sneaking to hit back the smartphone business market in coming time. The dubious statement takes more emphasis after the Finnish Firm settled a licensing deal to develop a “next-gen Nokia-branded mobile phones and tablets”.
Nokia also made a major consumer market move when it acquired French wearable tech company Withings for around $190 million.
