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Nokia set to cap licence income at €3 for every 5G smartphone sold

August 23, 2018

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The Finland-based telecommunications company, Nokia, has announced it anticipates to make €3 ($3.47) for every 5G smartphone sold after confirming plans to cap its licence income, Tech Radar reports.

Nokia has made substantial contributions to the standardisation of 5G which has enabled its value of technology to be shown in its handsets.

It has been found that holders of Standard Essential Patents must ensure their innovations meet the requirements of being fair, reasonable and non-discriminatory (FRAND) terms.

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