Nokia gets decision in patent arbitration with LG

collected by :Molly Tony

as informed in HELSINKI, Sept 18 (Reuters) - Nokia smartphone told on Monday it had received a decision in patent licence arbitration with LG Electronics. The Finnish firm did'nt discover specifics of the prize however told which it would book revenue, as well as a non-recurring catch-up payment, starting from the 3rd quarter. Nokia purveyed its once-dominant smartphone business to MSFT in 2014, leaving it focused on its telecoms network equipment business while retaining its handset patents. (Reporting with Jussi Rosendahl; editing with Jason Neely)

Nokia tells to get discounds boost after patent ruling

"We believe which this prize approves the quality of Nokia's patent portfolio. We still to see possibility for extra licensing opportunities," told Nokia smartphone Chief Legal Officer Maria Varsellona in a statement. Nokia has soon signed deals with larger smartphone makers Samsung Electronics (005930.KS) and Apple (AAPL.O), as well as China's Xiaomi tech [XTC.UL]. Nokia's patent unit had discounds of 616 mn euros (541.47 mn pounds) in the premier half of the year -- just six % of the group's total revenue. "Nokia has been quicker than Guessed to clinch deals in the patent side...

Nokia tells to get discounds boost after patent ruling

as declared in "We believe which this prize approves the quality of Nokia's patent portfolio. We still to see possibility for extra licensing opportunities," told Nokia smartphone Chief Legal Officer Maria Varsellona in a statement. Nokia has soon signed deals with larger smartphone makers Samsung Electronics (005930.KS) and Apple (AAPL.O), as well as China's Xiaomi tech [XTC.UL]. Nokia's patent unit had discounds of 616 mn euros (541.47 mn pounds) in the premier half of the year -- just six % of the group's total revenue. "Nokia has been quicker than Guessed to clinch deals in the patent side...