The Advanced Technologies intellectual property licensing business has historically operated on a net basis in commercial agreements with other smartphone vendors. Going forward, Nokia Corporation (NYSE:NOK) (BIT:NOK1V) (HEL:NOK1V) has the opportunity to realize royalty revenues on a gross basis and focus on a broader licensing program of its 10,000 patent families, which include leadership positions in 2G/3G/4G standard essential patents, as well as a broad array of non-standard essential patents. Nokia's patent portfolio has been successfully defended in court and via settlement agreements over the years, enhancing its licensing prospects and strategic value.