Nokia's share price continues to rebound on the Paris Bourse on Wednesday, in the wake of the signing of a licensing agreement with Chinese phone manufacturer Oppo.

The agreement, which provides for the payment of royalties to Nokia as well as retroactive payments for periods not covered in the past, will put an end to all outstanding disputes between the two groups.

In a press release, Nokia states that it expects to recognize revenues from this agreement as early as the first quarter of 2024.

More generally, the group says it is 'confident' in the renewal of its licensing agreements with major smartphone manufacturers, as well as with automotive, consumer electronics and IoT (Internet of Things) groups.

It continues to forecast annual revenues of between 1.4 and 1.5 billion euros over the "medium term" from its intellectual property portfolio.

At 9:45 am, the share price was up 0.3%, having already gained 1.9% the previous day following a contract with the US authorities for lunar operations.

Nokia also announced this morning that it had been chosen by German telecom operator T-Mobile for a dedicated gateway solution to support LTE, 5G NSA and 5G SA technologies for its broadband Internet traffic.

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