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Apple to pay Nokia licensing fees

Posted: 16 Jun 2011 ?? ?Print Version ?Bookmark and Share

Keywords:copyright? licensing fee? litigations?

Apple Inc. has agreed to pay Nokia Corp. a one-time lump sum, as well as ongoing royalties to settle all patent litigation between the two companies. The total amount to be paid was not disclosed.

According to Nokia, the terms of the settlement include that both parties withdraw all complaints against each other that were filed in the U.S. International Trade Commission (ITC). The specific terms of the contract are confidential, the company said.

Nokia and Apple have filed several complaints against each another in the ITC and other venues since late 2009. The two companies have become heated rivals since Apple introduced the original iPhone. In the first quarter of this year, Apple overtook Nokia to become the world's No. 1 in handset revenue, according to research and consulting firm Strategy Analytics Inc.

In a statement, Stephen Elop, Nokia's president and CEO, said the company was pleased with the licensing deal, which he said would open the door for Nokia to further licensing opportunities in the mobile communications market.

Nokia said it has invested about $62.3 billion (about 43 billion euro) in R&D over the past two decades. The company claims to have built one of the wireless industry's strongest and broadest patent portfolios, with more than 10,000 patents. Nokia said it expects the Apple agreement to have a positive financial impact on the company's recently revised outlook for the second quarter. Nokia expects net sales from devices and services to be substantially below its previously expected second quarter range of between $8.8 billion (6.1 billion euro) and $9.5 billion (6.6 billion euro).

- Dylan McGrath
??EE Times





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