This new agreement, the first of its kind, will simplify and accelerate the Standard Essential Patent (SEP) licensing process and provide greater transparency and predictability for companies offering IoT products and services. Licenses will be available at the end-device level, and companies will still have the option to license directly from Nokia.

Nokia has defined, and contributed to open standards for, many of the fundamental inventions used in virtually all cellular devices and LTE-M and NB-IoT technologies. In practice, this means that any device that connects to any cellular network automatically uses Nokia's intellectual property.