14 Jun '11, 9am

Nokia says Apple to pay royalties, ending patent disputes

HELSINKI: The world's leading mobile phone maker Nokia said Tuesday its competitor Apple had agreed to pay royalties for using Nokia technology in its devices, ending all of their ongoing patent disputes. "The financial structure of the agreement consists of a one-time payment payable by Apple and on-going royalties to be paid by Apple to Nokia for the term of the agreement," Nokia said in a statement, adding that the details of the contract were confidential. The deal constitutes a massive victory for Nokia and brings to an end years of tit-for-tat suits that have seen Nokia file 46 complaints against Apple, which has hit back with numerous countersuits against the Finnish company. Nokia said both companies had now agreed to withdraw all complaints they had filed with the US International Trade Commission. "We are very pleased to have Apple join the growing number of Noki...

Full article: http://www.channelnewsasia.com/stories/afp_world_business...

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