LG Agrees to License Nokia Smartphone Patents
LG Electronics agreed to license Nokia Technologies smartphone patents, Nokia said in a Tuesday announcement. LG is the latest of more than 60 licensees for Nokia's 2G, 3G and 4G mobile communication technology patents and the first major smartphone manufacturer…
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to join the licensing program since Nokia divested its Devices & Services business to Microsoft in 2014, Nokia said. LG’s “detailed royalty payment obligations” under the license agreement “will be subject to commercial arbitration, expected to conclude within a 1-2 year timeframe,” Nokia said. Other terms weren’t disclosed. LG didn’t comment.