Nokia Signs 5G Patent Licensing Agreement with China's Honor

Nokia signed a patent cross-license agreement with China’s Honor “covering both parties’ fundamental inventions in 5G and other cellular technologies,” the company said Thursday. The terms weren’t announced. Nokia said it has spent more than $150 billion on R&D since 2000 and owns “around 20,000 patent families, including over 6,000 patent families declared essential to 5G.” Honor, which sells consumer electronics and software products, is state owned and was spun off by Huawei in 2020.