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Nokia (NOK) Stock Climbing on Expanded Samsung Deal

NEW YORK (TheStreet) -- Shares of Nokia (NOK) are up 5.37% to $5.89 today after the company reached an expanded patent cross license agreement with Samsung (SSNLF).

The agreement grants each company expanded access to the other's patented technologies and "reinforces Nokia's leadership in technologies for the programmable world," the company said in a statement.

Nokia expects the deal to positively affect sales in the third quarter of 2016.

Analysts at BMO Capital Markets said that the deal is a "meaningful positive" for the Finland-based mobile...