Nokia Corporation shares are trading higher premarket on Wednesday. The company entered a multi-year patent license deal with Samsung Electronics Co., Ltd. ( SSNLF ) , granting Samsung access to its video technologies for use in televisions.

As part of the deal, Samsung will pay royalties to Nokia ( NOK ). This deal is separate from the company’s existing 5G patent license agreement, and the terms remain confidential.

Arvin Patel, Nokia’s Chief Licensing Officer for New Segments, stated, “The agreement is yet another proof point of Nokia’s leadership in video and multimedia technologies, and further validation of our decades-long investments in multimedia R&D and standardization.”

In a separate release, Nokia ( NOK ) revealed a partnership with Zain KSA to implement 4G/5G Femtocell solution in Saudi Arabia and the Middle East and Africa region.

The collaboration aims to improve mobile coverage and enhance connectivity for enterprise customers by addressing network gaps and optimizing performance.

By reducing dependency on customer infrastructure, this cost-effective solution ensures enhanced coverage and optimized connectivity for enterprise users.

Last week, the company disclosed that Openreach had selected its One Network Platform to build an open-access fiber network across the U.K.

Investors can gain exposure to NOK stock via iShares U.S. Digital Infrastructure and Real Estate ETF and Defiance Quantum ETF ( QTUM ) .

Price Action: NOK shares are up 2.21% at $4.61 premarket at the last check Wednesday.

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