Nokia signs multi-year agreement with Huawei

Details of the agreement are relatively thin for the moment, though piggy-backing on one of the technology industry’s most successful businesses can hardly be a bad thing.
Both parties are staying pretty tight lipped about the agreement so far, but the patent license agreement is expected to start paying off in the fourth quarter. The team has also quoted ‘non-recurring catch-up revenue’, with additional revenues expected to be realized as the years roll on through.
“Huaw