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Nokia Settles Patent Dispute With Samsung

Nokia Settles Patent Dispute With Samsung

Smartphones Feb 1,2016 0

Nokia on Monday said it had settled a lengthy patent dispute with Samsung Electronics, with the deal to lift patent unit Nokia Technologies' sales to around 1.02 billion euros in 2015. An arbitration court of the International Chamber of Commerce settled the amount of additional compensation Samsung needs to pay to Nokia, the Finnish company said Monday in a statement, without providing exact financial details.

However, Nokia's investors believe that the award was below consensus and broader expectations.

Ericsson AB and Apple also settled a legal dispute in December over mobile-device patents.



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