World number one mobile phone, Finnish Nokia, said, Tuesday, June 14, its U.S. rival Apple agreed to pay royalties to settle all their disputes over its use of several technologies patented by Nokia. "Apple and Nokia have agreed to drop all pending and adopted a license that covers each part of the other patents," said a spokesman for Apple.
"We're pleased that Apple is joining the growing number of people who adopt technologies Nokia ... This agreement demonstrates the value of Nokia's patent portfolio," responded the Finnish group's executive director, Stephen Elop said in a statement. Nokia also said that the agreement ending the proceedings, whose terms remain confidential, would enhance its earnings for the second quarter.
"We're pleased that Apple is joining the growing number of people who adopt technologies Nokia ... This agreement demonstrates the value of Nokia's patent portfolio," responded the Finnish group's executive director, Stephen Elop said in a statement. Nokia also said that the agreement ending the proceedings, whose terms remain confidential, would enhance its earnings for the second quarter.