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Friday, December 01, 2017
BlackBerry to Pay Nokia $137 Million in Contract Dispute


BlackBerry Ltd will pay Nokia $137 million, according to a ruling by the International Court of Arbitration.

The International Chamber of Commerce's International Court of Arbitration has ruled in favor of the Finish company in a contract dispute with BlackBerry.

The decision confirms that BlackBerry had failed to make certain payments to Nokia under a patent license agreement between the parties.

BlackBerry said it plans to take a charge as a result of the ruling. The Canadian company Blackberry said the dispute was related to certain payments due under a patent license contract between the companies.

The dispute did not involve any allegations of intellectual property (IP) infringement and BlackBerry said it would continue to pursue separate patent infringement claims against Nokia.

For its part, Nokia believes that "BlackBerry's unrelated claims of patent infringement by Nokia are without merit."

BlackBerry's Chief Executive John Chen plan for turning around the company includes monetizing of the company's IP.



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