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Nokia and Apple Sign New Patent Licensing Deal Through 2030

  • Nokia and Apple announced a new long-term patent cross-license agreement to replace a previous deal set to expire.
  • The agreement includes Nokia's 5G technology patents and requires Apple to make payments to Nokia starting in 2024.
  • The specific terms of the confidential deal were not disclosed.
  • Nokia's portfolio includes over 20,000 patents, with 5,500 essential to 5G technology.
  • The new deal resolves previous legal disputes between the two tech giants.
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