Nokia says Samsung extends patent license deal

HELSINKI Mon Nov 4, 2013 2:54am EST

1 of 3. Men are silhouetted against a video screen with a Nokia logo as he poses with Nokia Lumia 820 and Samsung S4 smartphones in this photo illustration taken in the central Bosnian town of Zenica, August 14, 2013.

Credit: Reuters/Dado Ruvic

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HELSINKI (Reuters) - Finland's Nokia on Monday said Samsung Electronics has extended a phone patent license agreement between the two companies for five years.

According to the deal, Nokia will receive additional compensation from Samsung, starting in the beginning of 2014.

Nokia is planning to retain its patent portfolio despite the proposed sale of its phone business to Microsoft.

(Reporting By Jussi Rosendahl; editing by Keiron Henderson)

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