Nokia and Samsung expanded an IP cross licensing deal, which the Finnish firm expects to have a positive impact on net sales from the third quarter.

The two companies agreed to give each other greater access to patented technologies, a move that follows the resolution of a long-running patent dispute earlier this year.

As a result, Nokia Technologies, the company’s IP business, expects net sales related to patent and brand licensing to grow to a run rate of about €950 million by the end of 2016.

“With intellectual property portfolios from Nokia Technologies, Nokia Networks and Alcatel-Lucent, Nokia has a wealth of technologies relevant to mobile devices and beyond,” said Ramzi Haidamus, president of Nokia Technologies.

“We welcome this expanded agreement with Samsung which recognises the strength of our assets, and we continue to pursue new licensing opportunities across a number of diverse industries.”

Following the end of the Samsung dispute, Nokia Technologies had an annualised net sales run rate of approximately €800 million, as of the end of Q4 2015.