Nokia has announced that Nokia and Apple have finally settled all of their long-running patent disputes relating to mobile phone technology. As part of the patent agreement between Apple and Nokia, Apple has provided Nokia with a one-time payment and will continue to pay Nokia royalties for use of their patents. Nokia CEO Stephen Elop:
We are very pleased to have Apple join the growing number of Nokia licensees, said Stephen Elop, president and chief executive officer of Nokia. This settlement demonstrates Nokia’s industry leading patent portfolio and enables us to focus on further licensing opportunities in the mobile communications market.
“The patents in question relate to technologies for enhanced speech and data transmission, using positioning data in applications and innovations in antenna configurations that improve performance and save space, allowing smaller and more compact devices”, according to Nokia’s May 2010 lawsuit filing.
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