Nokia and Motorola extended agreements for next LTE mobile networks.

Motorola Inc. and Nokia Corp., both of which make wireless handsets and other devices, said Friday they have extended existing licensing agreements to include next-generation high-speed cellular technology.

Terms of the deal were not disclosed. The companies said the agreements cover technologies such as LTE, WiMax and LTE-Advanced, different flavors of fast new mobile networks.

"This agreement also shows that the industry is making fast progress in resolving LTE licensing issues between the major patent holders," Paul Melin, a vice president at Finland-based Nokia, said in a statement.

Shares of Motorola edged up 3 cents to $7.99 in midday trading. Nokia's U.S.-listed stock slipped 10 cents to $10.86.