"Under the agreement, which covers Nokia's fundamental inventions in 5G and other technologies, Samsung will make payments to Nokia for a multi-year period beginning 1 January 2023," the Finnish multinational telecommunications company stated.
"The terms of the Agreement shall remain private", it added.
According to the company, the agreement is in line with Nokia's prior disclosure of its long-term perspective.
However, this is not Nokia and Samsung's first agreement on patents.
Another patent licencing arrangement signed in 2016 saw Samsung paying a royalty to Nokia.
Nokia recently entered into licence arrangements with companies including Samsung, Xiaomi, Apple, LG, and Blackberry that include royalty payments.
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