[1/2] A mockup of the new Nokia logo is seen in this handout image released February 26, 2023. NOKIA/Handout via REUTERS/File PhotoJune 30 (Reuters) - Nokia (NOKIA.HE) said on Friday it had signed a new long-term patent license agreement with Apple (AAPL.O), as the current license between the companies expires at the end of 2023. While terms of the agreement remain confidential between the companies, it covers Nokia’s inventions in 5G and other technologies. Nokia’s patent portfolio is built on more than 140 billion euros ($152.70 billion) invested in research & development and is composed of around 20,000 patents, including over 5,500 declared essential to 5G, the Finnish company said. "The agreement reflects the strength of Nokia’s patent portfolio, decades-long investments in R&D, and contributions to cellular standards and other technologies," said Jenni Lukander, president of Nokia Technologies.

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Persons: Jenni Lukander, Khushi, Maju Samuel Organizations: Nokia, NOKIA, REUTERS, Apple, Nokia Technologies, Thomson Locations: Bengaluru