SAN DIEGO — May 13, 2019 — Qualcomm Incorporated (NASDAQ: QCOM) and HMD Global Oy today announced that HMD Global has entered into 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.”