Qualcomm Incorporated (NASDAQ: QCOM) and HMD Global Oy today announced that HMD Global has entered into a direct worldwide license arrangement with Qualcomm to cover branded single-mode and multimode devices manufactured and marketed by HMD Global under the Nokia brand. Under the terms of the agreements, Qualcomm has granted HMD Global royalty-bearing patent licenses to develop, manufacture and sell branded 3G, 4G and 5G single-mode and multimode complete devices.

“We are driven by our unique promise of delivering phones that get better over time. In this, we work closely with best-in-class partners globally,” said Florian Seiche, CEO of HMD Global. “Our collaboration with Qualcomm enables us to bring leading innovations to the market and deliver on our unique consumer promise.”

“Qualcomm is pleased to sign 3G, 4G and 5G multimode licensing agreements with HMD Global that build on our long-standing technology relationship,” said Alex Rogers, executive vice president and president, Qualcomm Technology Licensing. “Qualcomm is leading the transition to 5G, and we are proud to make our breakthrough 3G/4G/5G technologies available to leading OEMs like HMD Global and to support them in delivering compelling products around the world.”

About HMD Global

Headquartered in Espoo, Finland, HMD Global Oy is the home of Nokia phones. HMD designs and markets a range of smartphones and feature phones targeted at a range of consumers and price points. With a commitment to innovation and quality, HMD is the proud exclusive licensee of the Nokia brand for phones and tablets. For further information, see www.hmdglobal.com.

About Qualcomm

Qualcomm invents breakthrough technologies that transform how the world connects, computes and communicates. When we connected the phone to the Internet, the mobile revolution was born. Today, our inventions are the foundation for life-changing products, experiences, and industries. As we lead the world to 5G, we envision this next big change in cellular technology spurring a new era of intelligent, connected devices and enabling new opportunities in connected cars, remote delivery of health care services, and the IoT — including smart cities, smart homes, and wearables. Qualcomm Incorporated includes our licensing business, QTL, and the vast majority of our patent portfolio. Qualcomm Technologies, Inc., a subsidiary of Qualcomm Incorporated, operates, along with its subsidiaries, all of our engineering, research and development functions, and all of our products and services businesses, including, the QCT semiconductor business. For more information, visit Qualcomm’s website, OnQ blog, Twitter and Facebook pages.

Nokia is a registered trademark of Nokia Corporation.