Finland's Nokia said on Wednesday it had signed a multi-year patent license agreement with Samsung , for the use of Nokia's video technologies in the South Korean company's televisions. Under the agreement,

Shares of Nokia Corp. (NOK) surged nearly 2% in pre-market trade on Wednesday after the Finnish tech giant signed a multi-year patent deal with Samsung. The deal covers the use of Nokia’s video technologies in Samsung televisions.

The Korean company announced today that it will launch a new trade-in program that doesn’t require the purchase of a new handset. The “Galaxy Easy Compensation” scheme will pay Korean Galaxy phone owners money for their old device, with values fluctuating depending on the condition. Crucially, no purchase of a new phone is needed.

Samsung has announced a new trade-in program for Galaxy devices that gives you access to trade in benefits without forcing you to buy a new phone.