Nokia and Apple Move From Courtroom Foes to Business Partners
May 23 2017 - 4:11AM
Dow Jones News
By Dominic Chopping
Nokia Corp. and Apple Inc. have settled long-running
intellectual property disputes and agreed to a multi-year patent
license, moving from courtroom foes to business partners.
Financial details of the deal weren't disclosed, but Nokia will
receive an up-front cash payment from Apple, with additional
revenue during the term of the agreement.
The companies said Tuesday that Nokia will provide certain
network infrastructure products and services to Apple while Apple
will resume carrying Nokia digital health products in Apple retail
and online stores. They will also jointly explore future
collaboration in digital health initiatives.
"This is a meaningful agreement between Nokia and Apple," said
Maria Varsellona, Chief Legal Officer at Nokia, responsible for
Nokia's patent licensing business.
"It moves our relationship with Apple from being adversaries in
court to business partners working for the benefit of our
customers."
At the end of last year Nokia confirmed it had filed actions in
11 countries in total, saying Apple violated 40 of its patents
covering technologies such as display, user interface, software,
antenna, chipsets and video coding.
At the same time, Apple filed a suit in the U.S. District Court
for the Northern District of California, arguing that Nokia
excluded some patents from that agreement and transferred them to
third-party companies "to be used for extorting excessive
royalties" from Apple. It asked the court to award damages and rule
that Nokia breached its contract.
Write to Dominic Chopping at dominic.chopping@wsj.com
(END) Dow Jones Newswires
May 23, 2017 03:56 ET (07:56 GMT)
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