Nokia Corporation (NYSE: NOK) signed a new patent cross-license agreement with China's leading smartphone maker, Honor, covering both parties' fundamental inventions in 5G and other cellular technologies.
It is the fourth major smartphone agreement that Nokia has concluded in the past 12 months. The terms of the agreement were not disclosed.
However, its legal battles with other Chinese companies over patents continue, Reuters reported.
Nokia, formerly the top global mobile phone manufacturer, possesses a substantial patent portfolio encompassing vital technologies essential for phone manufacturing, the ...