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as declared in Second, we got a substantial upfront cash payment of €1.7 billion from Apple, strengthening further our cash position. In the original lawsuit , Nokia sued Apple in the United States and multiple other countries, with a complaint that stemmed from a disagreement between the two companies over licensing fees for Nokia technology.The legal battle continued to escalate as Apple responded with its own antitrust lawsuit against Nokia . Nokiamob then reached out to Nokia, and the company confirmed that the cash payment came from Apple.The payment is part of a settlement agreement reached between Apple and Nokia in May of this year, regarding a lawsuit began by Nokia in December 2016. That was largely, but not completely, driven by our recently-announced agreement with Apple; and you can also see the impact of that agreement in our cash position. As said earlier, our plans is to provide more details on the intended use of cash in conjunction with our Q3 earnings.
as mentioned in
The announcement reads, "We got a substantial upfront cash payment of €1.7 billion from Apple, strengthening further our cash position. The blog NokiaWatch just spotted the announcement by Nokia that it did receive $2 billion USD cash payment from Apple. A patent lawsuit between Nokia and Apple was quickly settled with a lump-sum payment last May. Classic Nokia still in demandNokia was founded in Finland in 1865. Nokia alleged Apple had been infringing on its patents since the iPhone 3GS.
"We got upfront cash payment of EUR 1.7 billion from Apple, strengthening further our cash position. Tech giant Apple settled their existing issues over patents with Nokia by making a payment of USD two billion, indicating the iPhone maker's urge to avoid a controversy. Even though Apple has a licensing deal with Nokia since 2011, the issue began when Apple refused to sign a new deal and blamed Nokia for requesting unjust conditions for renewal. Advertisement opens in new windowThe legal dispute started when Apple was charged with violating over a dozen patents of Nokia and its subsidiaries. The terms of the licensing deal, however, have not been revealed by any of the companies.
to read more visit us Nokia
as declared in Second, we got a substantial upfront cash payment of €1.7 billion from Apple, strengthening further our cash position. In the original lawsuit , Nokia sued Apple in the United States and multiple other countries, with a complaint that stemmed from a disagreement between the two companies over licensing fees for Nokia technology.The legal battle continued to escalate as Apple responded with its own antitrust lawsuit against Nokia . Nokiamob then reached out to Nokia, and the company confirmed that the cash payment came from Apple.The payment is part of a settlement agreement reached between Apple and Nokia in May of this year, regarding a lawsuit began by Nokia in December 2016. That was largely, but not completely, driven by our recently-announced agreement with Apple; and you can also see the impact of that agreement in our cash position. As said earlier, our plans is to provide more details on the intended use of cash in conjunction with our Q3 earnings.
as mentioned in
Apple Paid Nokia $2 Billion in Cash to Settle Old Patent Dispute
The announcement reads, "We got a substantial upfront cash payment of €1.7 billion from Apple, strengthening further our cash position. The blog NokiaWatch just spotted the announcement by Nokia that it did receive $2 billion USD cash payment from Apple. A patent lawsuit between Nokia and Apple was quickly settled with a lump-sum payment last May. Classic Nokia still in demandNokia was founded in Finland in 1865. Nokia alleged Apple had been infringing on its patents since the iPhone 3GS.
Apple Pays $2 Billion To Nokia To Settle Issues Over Violation Of Patents
"We got upfront cash payment of EUR 1.7 billion from Apple, strengthening further our cash position. Tech giant Apple settled their existing issues over patents with Nokia by making a payment of USD two billion, indicating the iPhone maker's urge to avoid a controversy. Even though Apple has a licensing deal with Nokia since 2011, the issue began when Apple refused to sign a new deal and blamed Nokia for requesting unjust conditions for renewal. Advertisement opens in new windowThe legal dispute started when Apple was charged with violating over a dozen patents of Nokia and its subsidiaries. The terms of the licensing deal, however, have not been revealed by any of the companies.
to read more visit us Nokia
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