Telecoms giant Nokia has signed a new patent cross-license agreement with Honor for an undisclosed sum.

As a result, the agreement covers fundamental inventions in 5G and other cellular technologies for both parties.

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Commenting on the partnership, Nokia Chief Licensing Officer Susanna Martikainen said: “We are delighted to have concluded an amicable patent cross-license agreement with Honor, one of the leading players in the Chinese smartphone market.”

Honor Head of Global Intellectual Property Wenyu Zhou added: “As both 5G SEP holder and implementor, Honor highly respects IP rights and strongly believes that reasonable value of IP is important to the development of the mobile industry.

“The conclusion of the patent cross-license agreement shows Honor’s commitment to innovation to enabling a smart life across all scenarios and all channels, for all people.”

The move marks Nokia’s fourth major litigation-free smartphone agreement over the past 12 months.

According to Martikainen it “highlights once again the strength of Nokia’s patent portfolio and decades-long contributions to cellular standards and other technologies.”

The news comes as Nokia revealed it is no longer expecting to hit its outlook for its 2023 financial full year due to renewal discussions continuing to drag on well into 2024.