Nokia signs final agreement in its smartphone patent license renewal cycle
- Nokia signs last major smartphone patent license agreement
- Deal concludes Nokia’s smartphone patent license renewal cycle
- Company name not disclosed
- Seventh major smartphone patent deal signed in just over a year
- Nokia Technologies enters a period of stability with no major smartphone agreements expiring for years
- Expecting catch-up payments of over 400 million euros in Q1 2024
- Nokia Technologies aims to generate at least EUR1.4 billion of operating profit in 2024
Nokia has recently signed its last remaining major smartphone patent license agreement, marking the conclusion of its smartphone patent license renewal cycle. The Finnish telecom equipment maker did not disclose the name of the company it signed the deal with, but confirmed that it was the final major smartphone agreement that was under negotiation. This deal is the seventh major smartphone patent agreement that Nokia has signed in just over a year, following agreements with various companies including Honor, OPPO, Vivo, Apple, Samsung, and Huawei. With this agreement, Nokia Technologies, Nokia’s licensing business, will now enter a period of stability with no major smartphone agreements expiring for a number of years. In the first quarter of 2024, Nokia expects to book catch-up payments of more than 400 million euros related to prior periods of non-payment. This aligns with Nokia’s guidance that Nokia Technologies will generate at least EUR1.4 billion of operating profit in 2024, including the benefit of catch-up sales.
Public Companies: Nokia (NOK), Honor (undefined), OPPO (undefined), Vivo (undefined), Apple (undefined), Samsung (undefined), Huawei (undefined)
Private Companies:
Key People: Dominic Chopping (Author)
Factuality Level: 8
Justification: The article provides factual information about Nokia signing its last major smartphone patent license agreement and the details of the agreement. The information is clear and specific, without any obvious bias or opinion. However, the article lacks additional context or analysis, which could have provided a more comprehensive understanding of the situation.
Noise Level: 7
Justification: The article provides information about Nokia’s last major smartphone patent license agreement and its implications for the company. However, it lacks in-depth analysis, evidence, and actionable insights. It mainly focuses on the agreement itself and Nokia’s financial expectations, without exploring the consequences or long-term trends in the smartphone industry.
Financial Relevance: Yes
Financial Markets Impacted: The financial markets impacted by this news article are the telecommunications and technology sectors. The agreement between Nokia and the undisclosed company will have implications for the licensing and patent landscape in the smartphone industry.
Presence of Extreme Event: No
Nature of Extreme Event: No
Impact Rating of the Extreme Event: No
Justification: The news article pertains to financial topics as it discusses Nokia’s smartphone patent license agreement and its impact on the company’s financial performance. However, there is no mention of any extreme event or its impact.
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