Nokia shares rallied this morning after the communications technology firm revealed it had signed a multi-year patent license agreement with Chinese networking and telecommunications equipment name Huawei.
Shares in the Finland-based group were up 2.5% as at 0930 GMT.
While details of the agreement were not disclosed, Nokia claimed it would begin to see a positive financial impact from the deal in its fourth-quarter results.
The deal should help Huawei, a leading smartphone manufacturer in China, make inroads into developed markets.
Nokia shares have lost around 16% over the past year, with the Finnish group having warned that it is suffering from a downturn in spending as its customers await the rollout of 5G in the next few years.