New Delhi: Nokia, a renowned leader in the technology industry, and Apple, a global technology giant, have announced the renewal of their patent license agreement. This agreement encompasses Nokia's groundbreaking inventions in 5G technology and various other technological domains. The extended agreement, which is set to begin in January 2024, signifies a long-term commitment between the two companies.

Nokia is a global technology leader specializing in networks, software, and services. Committed to fostering innovation, Nokia strives to empower its customers in creating a better future.

Apple is a worldwide technology company renowned for its design, manufacture, and marketing of consumer electronics, computer software, and online services. As one of the most valuable companies globally, Apple consistently demonstrates a commitment to innovation.

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Jenni Lukander, President of Nokia Technologies, expressed her satisfaction with the renewal, stating, "We are pleased to renew our patent license agreement with Apple. This agreement reflects the strength of Nokia's patent portfolio and our long-standing commitment to innovation. We are confident that this agreement will benefit both companies and the wider industry."

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Apple's Senior Vice President of Worldwide Marketing, Phil Schiller, echoed Lukander's sentiment, emphasizing the mutually advantageous nature of the agreement.

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While the specifics of the agreement remain confidential, the extension underscores the trust and collaboration between Nokia and Apple. By leveraging Nokia's cutting-edge technologies, Apple aims to enhance its product offerings and maintain its reputation as one of the world's most innovative companies.