Nokia Signs Smartphone Patent Licensing Deal With Huaweitechnicalstudio | December 20, 2017 | 0 | Tech News
The companies did not provide financial details of the agreement, but Nokia said it would start booking revenue, including and a one-off catch-up payment, from the fourth quarter.
More than 90 percent of Nokia’s revenue comes from telecoms network equipment, but the licensing payments are highly profitable amid an industry-wide slump in the network business.
Nokia’s shares rose 2.7 percent by 08:58 GMT.
This article was sourced from Gadgets360