A Nokia sign is seen at the company’s headquarters in Espoo, Finland, May 5, 2017. REUTERS/Ints Kalnins
December 21, 2017
HELSINKI (Reuters) – Nokia and China’s Huawei have signed a multi-year patent license agreement, the Finnish company said on Thursday.
Nokia did not say what the license agreement was for, saying that the details were confidential.
It expected that revenue stemming from the agreement would begin to be recognized in the fourth quarter.
Nokia’s shares rose on the news and were up 3.2 percent at 0819 GMT.
(Reporting by Helsinki newsroom, writing by Gwladys Fouche; editing by Jason Neely)
