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TheStreet Open House

Samsung Extends The Patent License Agreement Between Nokia And Samsung For Five Years; Companies Will Enter Into Binding Arbitration To Settle The Amount Of Additional Compensation

ESPOO, Finland, Nov. 4, 2013 (GLOBE NEWSWIRE) --

Nokia Corporation
Stock exchange release
November 4, 2013 at 09.30 (CET +1)

Nokia announced that Samsung has extended a patent license
agreement between Nokia and Samsung for five years. The agreement would have
expired at the end of 2013. According to the agreement, Samsung will pay
additional compensation to Nokia for the period commencing from January 1, 2014
onwards, and the amount of such compensation shall be finally settled in a
binding arbitration which is expected to be concluded during 2015.

"This extension and agreement to arbitrate represent a hallmark of constructive
resolution of licensing disputes, and are expected to save significant
transaction costs for both parties", said Paul Melin, Chief Intellectual
Property Officer of Nokia.

Nokia will retain its industry-leading patent portfolio following the proposed
transaction to sell substantially all of its Devices & Services business to
Microsoft and sees further opportunity to create value by investing in
innovation, and by actively managing its patent portfolio and licensing
activities.

FORWARD-LOOKING STATEMENTS
It should be noted that Nokia and its business are exposed to various risks and
uncertainties and certain statements herein that are not historical facts are
forward-looking statements, including, without limitation, those regarding: A)
the planned sale by Nokia of substantially all of Nokia's Devices & Services
business, including Smart Devices and Mobile Phones (referred to below as "Sale
of the D&S Business") pursuant to the Stock and Asset Purchase Agreement, dated
as of September 2, 2013, between Nokia and Microsoft International Holdings
B.V.(referred to below as the "Agreement"); B) the closing of the Sale of the
D&S Business; C) obtaining the confirmation and approval of our shareholders for
the Sale of the D&S Business; D) receiving timely, or at all, necessary
regulatory approvals for the Sale of the D&S Business; E) expectations, plans or
benefits related to or caused by the Sale of the D&S Business; F) expectations,
plans or benefits related to Nokia's strategies, including plans for Nokia with
respect to its continuing businesses that will not be divested in connection
with the Sale of the D&S Business; G) expectations, plans or benefits related to
changes in leadership and operational structure; H) expectations and targets
regarding our operational priorities, financial performance or position, results
of operations and use of proceeds from the Sale of the D&S Business; I) the
timing of the deliveries of our products and services; J) our ability to
innovate, develop, execute and commercialize new technologies, products and
services; K) expectations regarding market developments and structural changes;
L) expectations and targets regarding performance, including those related to
market share, prices, net sales and margins of products and services; M)
expectations and targets regarding collaboration and partnering arrangements; N)
the outcome of pending and threatened litigation, regulatory proceedings or
investigations by authorities; O) expectations regarding the successful
completion of restructurings, investments, acquisitions and divestments on a
timely basis and our ability to achieve the financial and operational targets
set in connection with any such restructurings, investments, divestments and
acquisitions, as well as any expected plans and benefits related to or caused by
such transactions; and P) statements preceded by "believe," "expect,"
"anticipate," "foresee," "sees," "target," "estimate," "designed," "aim",
"plans," "intends," "focus," "will" or similar expressions. These statements are
based on management's best assumptions and beliefs in light of the information
currently available to it. Because they involve risks and uncertainties, actual
results may differ materially from the results that we currently expect.
Factors, including risks and uncertainties that could cause these differences
include, but are not limited to: 1) the inability to close the Sale of the D&S
Business in a timely manner, or at all, for instance due to the inability or
delays in obtaining the shareholder approval or necessary regulatory approvals
for the Sale of the D&S Business, or the occurrence of any event, change or
other circumstance that could give rise to the termination of the Agreement; 2)
the potential adverse effect on the sales of our mobile devices, business
relationships, operating results and business generally resulting from the
announcement of the Sale of the D&S Business or from the terms that we have
agreed for the Sale of the D&S Business; 3) any negative effect from the
implementation of the Sale of the D&S Business, as we may forego other
competitive alternatives for strategies or partnerships that would benefit our
Devices & Services business and if the Sale of the D&S Business is not closed,
we may have limited options to continue the Devices & Services business or enter
into another transaction on terms favorable to us, or at all; 4) our ability to
effectively and smoothly implement planned changes to our leadership and
operational structure or maintain an efficient interim governance structure and
preserve or hire key personnel; 5) any negative effect from the implementation
of the Sale of the D&S Business, including our internal reorganization in
connection therewith, which will require significant time, attention and
resources of our senior management and others within the company potentially
diverting their attention from other aspects of our business; 6) disruption and
dissatisfaction among employees caused by the plans and implementation of the
Sale of the D&S Business, reducing focus and productivity in areas of our
business; 7) the amount of the costs, fees, expenses and charges related to or
triggered by the Sale of the D&S Business; 8) any impairments or charges to
carrying values of assets or liabilities related to or triggered by the Sale of
the D&S Business; 9) potential adverse effects on our business, properties or
operations caused by us implementing the Sale of the D&S Business; 10) the
initiation or outcome of any legal proceedings, regulatory proceedings or
enforcement matters that may be instituted against us relating to the Sale of
the D&S Business; 11) the success of our HERE strategy, including our ability to
establish a successful location-based platform and extend our location-based
services across devices and operating systems; 12) our ability to protect
numerous patented standardized or proprietary technologies from third-party
infringement or actions to invalidate the intellectual property rights of these
technologies; 13) our ability to maintain the existing sources of intellectual
property related revenue and establish new such sources; 14) the intensity of
competition in the various markets where we do business and our ability to
maintain or improve our market position or respond successfully to changes in
the competitive environment; 15) our ability to keep momentum and increase our
speed of innovation, product development and execution in order to bring new
innovative and competitive products and location-based or other services to the
market in a timely manner; 16) our ability to effectively and smoothly implement
the planned changes in our operational structure and achieve targeted
efficiencies and reductions in operating expenses and our ability to complete
the planned divestments and acquisition, including obtaining any needed
regulatory approvals; 17) our ability to retain, motivate, develop and recruit
appropriately skilled employees; 18) our dependence on the development of the
mobile and communications industry, including location-based and other services
industries, in numerous diverse markets, as well as on general economic
conditions globally and regionally; 19) our ability to maintain and leverage our
position and strengths, especially if we are unable retain the loyalty of our
mobile operator and distributor customers and consumers as a result of the
implementation of our strategies or other factors; 20) the performance of the
parties we partner and collaborate with and our ability to achieve successful
collaboration or partnering arrangements; 21) our ability to deliver our
products profitably, in line with quality requirements and on time, especially
if the limited number of suppliers we depend on, many of which are
geographically concentrated with a majority based in Asia, fail to deliver
sufficient quantities of fully functional products, components, sub-assemblies,
software and services on favorable terms and in compliance with our supplier
requirements; 22) our ability to manage efficiently our manufacturing and
logistics, as well as to ensure the quality, safety, security and timely
delivery of our products and services; 23) any actual or even alleged defects or
other quality, safety and security issues in our products; 24) any inefficiency,
malfunction or disruption of a system or network that our operations rely on;
25) the impact of cybersecurity breach or other factors leading to an actual or
alleged loss, improper disclosure or leakage of any personal or consumer data
collected by us or our partners or subcontractors, made available to us or
stored in or through our products; 26) our ability to successfully manage the
pricing of our products and services and costs related to our products and
services and our operations; 27) the potential complex tax issues and
obligations we may face, including the obligation to pay additional taxes in
various jurisdictions and our actual or anticipated performance, among other
factors, could result in allowances related to deferred tax assets; 28) exchange
rate fluctuations, particularly between the euro, which is our reporting
currency, and the US dollar, the Japanese yen and the Chinese yuan, as well as
certain other currencies; 29) our ability to protect the technologies, which we
or others develop or which we license, from claims that we have infringed third
parties' intellectual property rights, as well as our unrestricted use on
commercially acceptable terms of certain technologies in our product and
services; 30) the impact of economic, regulatory, political or other development
on our sales, manufacturing facilities and assets located in emerging market
countries as well as the impact of regulations against imports to those
countries; 31) the impact of changes in and enforcement of government policies,
technical standards, trade policies, laws or regulations in countries where our
assets are located and where we do business; 32) investigations or claims by
contracting parties in relation to exits from countries, areas or contractual
arrangements; 33) unfavorable outcome of litigation, regulatory proceedings or
investigations by authorities; 34) allegations of possible health risks from
electromagnetic fields generated by base stations and mobile devices, and the
lawsuits and publicity related to them, regardless of merit; 35) Nokia Solutions
and Networks' (renamed from Nokia Siemens Networks) also referred to as NSN
success in the mobile broadband infrastructure and related services market and
its ability to effectively, profitably and timely adapt business and operations
to the diverse needs of its customers; 36) NSN's ability to maintain and improve
its market position and respond successfully to changes and competition in the
mobile broadband infrastructure and related services market; 37) NSN's success
in implementing its restructuring plan and reducing its operating expenses and
other costs; 38) NSN's ability to invest in and timely introduce new competitive
products, services, upgrades and technologies; 39) NSN's dependence on limited
number of customers and large, multi-year contracts; 40) NSN's liquidity and its
ability to meet its working capital requirements, including access to available
credit under its financing arrangements and other credit lines as well as cash
at hand; 41) the management of NSN's customer financing exposure; 42) whether
ongoing or any additional governmental investigations of alleged violations of
law by some former employees of Siemens may involve and affect the carrier-
related assets and employees transferred by Siemens to Nokia Siemens Networks
(renamed Nokia Solutions and Networks); 43) any impairment of NSN's customer
relationships resulting from ongoing or any additional governmental
investigations involving the Siemens carrier-related operations transferred to
Nokia Siemens Networks (renamed Nokia Solutions and Networks), as well as the
risk factors specified on pages 12-47 of Nokia's annual report on Form 20-F for
the year ended December 31, 2012 under Item 3D. "Risk Factors". Other unknown or
unpredictable factors or underlying assumptions subsequently proving to be
incorrect could cause actual results to differ materially from those in the
forward-looking statements. Nokia does not undertake any obligation to publicly
update or revise forward-looking statements, whether as a result of new
information, future events or otherwise, except to the extent legally required.

About Nokia
Nokia is a global leader in mobile communications whose products have become an
integral part of the lives of people around the world. Every day, more than 1.3
billion people use their Nokia to capture and share experiences, access
information, find their way or simply to speak to one another. Nokia's
technological and design innovations have made its brand one of the most
recognized in the world. For more information, visit http://www.nokia.com/about-
nokia.

Media Enquiries:

Nokia
Communications
Tel. +358 7180 34900
Email: press.services@nokia.com

www.nokia.com


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