Nokia and Huawei sign patent license agreement

Nokia signed a multi-year patent license agreement with Huawei. Financial terms were not disclosed, but Nokia said it would begin seeing revenue in Q4 2017, including an element of non-recurring catch-up revenue.

"Huawei is one of China's largest companies and is among the world's leading smartphone manufacturers and we are delighted to welcome them to our family of patent licensees," said Maria Varsellona, chief legal officer at Nokia.