Periodically, the wireless industry headlines are dominated by high profile patent licensing disputes, such as the recently settled one between Ericsson and Apple. Now, Nokia and Samsung are the latest to announce a deal (see below), this one concluded more amicably than their previous cross-licensing arrangement. These deals serve to remind us of the huge power that comes from large-scale ownership of intellectual property, especially of standards-essential patents (SEP). Ericsson’s most recent fiscal quarter was partially saved by the windfall from its Apple settlement (see Wireless Watch January 23 2023). Nokia may no longer be a major smartphone maker, but its Technologies division can still win significant revenues from licensing patents (and the Nokia brand). SEPs reflect the foundational definitions…