The agreement is consistent with the assumptions Nokia disclosed for Nokia Technologies in its Financial Report for the fourth quarter, published on January 25, 2024. Nokia will begin recognizing net sales from this agreement, including recovery payments covering periods of non-payment, in the first quarter of 2024. Nokia Technologies is progressing towards the completion of its smartphone license renewal cycle and is performing well in its growth areas of automotive, consumer electronics, IoT, and multimedia. It remains confident that its annual rate of net sales will return to between €1.4 billion and €1.5 billion over the medium term.

Nokia's industry-leading patent portfolio is based on approximately €150 billion invested in R&D since 2000 and comprises around 20,000 patent families, including more than 6,000 patent families declared essential for 5G.