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

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.

As Nokia revealed its plans to cap its licence income at €3, the firm will hope to benefit from the rollout of 5G.

However, capped rates will only apply to mobile phones with 5G networks thought to connect all types of devices which range from PCs, industrial equipment and routers.

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Ilkka Rahnasto, head of patent business at Nokia, said: “Nokia innovation combined with our commitment to open standardization has helped build the networks of today and lay the foundations for 5G/NR.”

“This announcement is an important step in helping companies plan for the introduction of 5G/NR capable mobile phones, with the first commercial launches expected in 2019.”

The first 5G smartphones are set to go on sale in 2019 with the UK 5G networks to go live by 2020.