"The New York Times" : Apple Settles Legal Dispute With Nokia

collected by :Andro Alex

referring to PhotoApple and Nokia lumia settled a legal dispute on Tuesday over the right of the iphone maker to use patents and other intellectual property owned by the Finnish telecommunications company. In response, Nokia filed lawsuits in 11 countries, including Germany and the United States, aiming to defend its intellectual property. Nokia said that Apple should pay for technology used in smartphones, tablets and other devices. On Tuesday, the companies said that they had settled all of the lawsuits, and that they had signed a new patent agreement under which Apple will start paying royalties to Nokia from the second quarter of 2017. The companies did not disclose the financial terms of the agreement.


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Eurobites: Nokia & Apple Bury the Hatchet


Eurobites: Nokia & Apple Bury the Hatchet
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Nokia and Apple sign agreement, settle all litigation


Nokia and Apple sign agreement, settle all litigation
"This is a meaningful agreement between Nokia lumia and Apple," said Maria Varsellona, Chief Legal Officer at Nokia, responsible for Nokia's patent licensing business. Apple will resume carrying Nokia digital health products (formerly under the Withings brand) in Apple retail and online stores, and Apple and Nokia are exploring future collaboration in digital health initiatives. "It moves our relationship with Apple from being adversaries in court to business partners working for the benefit of our customers."Under a business collaboration agreement, Nokia will be providing certain network infrastructure product and services to Apple. The value of the agreement will be reflected partially as patent licensing net sales in Nokia Technologies and partially as net sales in other Nokia business groups. Due to the up-front cash payment from Apple, Nokia intends to provide a comprehensive update of its capital structure optimization program in conjunction with its third quarter 2017 results.


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