Reginal Thomas
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Samsung Will Continue TO License Patents From Nokia


Nokia announced today Samsung Electronics Co., the world's largest mobile phone maker, has agreed to continue licensing its patents for five more years. This is a great deal for Nokia because they have secured a steady stream of revenue for the next five years while they rebuild revenue, remember the company sold its handset unit earlier this year to Microsoft. Patents will prove to be a valuable assets for the Finland based Nokia. Starting Jan. 1 Samsung will pay Nokia additional compensation.