Nokia And Blackberry-Maker Agree Patent Truce

RELATED QUOTES

SymbolPriceChange
NOKI-SEK.ST48.31-1.10
AAPL524.75-6.95

Nokia (Stockholm: NOKI-SEK.ST - news) has settled all its patent disputes with Blackberry-maker Research In Motion (RIM) amid the costly legal rows still gripping the fiercely competitive smartphone industry.

While terms of the agreement were confidential, Nokia said, the deal on Wi-Fi technology licensing with RIM included a one-time payment and continuing fees.

The Finnish firm said the agreement settled all existing patent litigation between the two companies but it added that disputes with HTC Corp and ViewSonic still stood.

Its statement read: "Nokia has entered into a new patent licence agreement with RIM. The agreement will result in settlement of all existing patent litigation between the companies and withdrawal of pending actions in the US, UK and Canada related to a recent arbitration tribunal decision.

"The financial structure of the agreement includes a one-time payment and on-going payments, all from RIM to Nokia."

Paul Melin, chief intellectual property officer at Nokia added: "We are very pleased to have resolved our patent licensing issues with RIM and reached this new agreement, while maintaining Nokia's ability to protect our unique product differentiation.

"This agreement demonstrates Nokia's industry leading patent portfolio and enables us to focus on further licensing opportunities in the mobile communications market."

The development was announced just days after Samsung withdrew lawsuits which sought to ban the sale of Apple (NasdaqGS: AAPL - news) products in Europe.

While the firms' legal battles over patents were to continue, Samsung said it strongly believed companies should compete in the marketplace, not in court.

"Samsung remains committed to licensing our technologies on fair, reasonable and non-discriminatory terms," the South Korean company's statement said.

It was also confirmed on December 18 that Apple's efforts to ban the sale of several Samsung smartphone models in the US had been rejected by a judge.

More From Sky News