Nokia has announced that it is to license its smartphone intellectual property (IP) to LG. In an official press release, the Finnish company said that the South Korean tech giant is the first major smartphone manufacturer to join its licensing programme.
"We are pleased to welcome LG Electronics to our licensing program," said Ramzi Haidamus, president of Nokia Technologies.
"We've worked constructively with LG Electronics and agreed a mutually beneficial approach, including the use of independent arbitration to resolve any differences. This agreement sets the scene for further collaboration between our companies in future."
Nokia already has around 60 similar deals in place for its 2G, 3G and 4G mobile communication technologies.
It is just one of the many ways in which the former leader in mobiles is able to stay relevant since it was overtaken by other brands like Apple and Samsung, which both dominate the smartphone market.
In other news, Nokia announced that it is collaborating with the University of Kaiserslautern in Germany.
The focus of this partnership is to do with 5G network-related architecture research, which it says will “have to meet a wide range array of diverse and extreme requirements”.
Peter Merz, head of radio systems and responsible for 5G research for FutureWorks at Nokia Networks, said: "5G is not only about new radio access technology, network architecture will play an important role as well.
“We are working with University of Kaiserslautern to develop components and capabilities that will make it possible to execute our vision for the 5G architecture."