1. Apple-Nokia war: Tech giants sign business deal after patent dispute settles; all you need to know

Apple-Nokia war: Tech giants sign business deal after patent dispute settles; all you need to know

Technology giant Nokia has said that it has settled its dispute over patents with Apple. The companies have also gone on to sign a major business deal.

By: | Published: May 23, 2017 2:11 PM
Six years ago Apple and Nokia had settled a lawsuit, but the tech majors had again locked horns late in 2016. (Image: Reuters)

Technology giant Nokia has said that it has settled its dispute over patents with Apple. The companies have also gone on to sign a major business deal. The Finnish smartphone maker has also announced that both the firms have “settled all litigation related to their intellectual property dispute and agreed on a multi-year patent licence.” Nokia has informed that under the new agreement, it will be giving particular network infrastructure products and services to the US company. Meanwhile, the Cupertino giant will keep on carrying Nokia digital health products (erstwhile under the Withings brand) in its retail and online stores. Both the companies are said to be exploring future collaboration in digital health initiatives.

Six years ago Apple and Nokia had settled a lawsuit, but the tech majors had again locked horns late in 2016, where Apple had filed an anti-trust lawsuit against third-party companies, Patent Assertion Entities (PAEs) which act on Nokia’s behalf, and while the latter had sued Apple directly. Nokia, in December last year, had filed a suit against Apple in Europe and the US, where it claimed that the company had been infringing on Nokia patents. The lawsuit covered 32 patents, which included the display, software, user interface, and video coding technology.

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Talking about the settlement and the new business deal, Maria Varsellona, Chief Legal Officer at Nokia, said, “This is a meaningful agreement between Nokia and Apple. It moves our relationship with Apple from being adversaries in court to business partners working for the benefit of our customers.” Basil Alwan, President of Nokia’s IP/Optical Networks business added, “This agreement will strengthen our collaboration. We look forward to supporting Apple.”

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The details of the partnership have been kept confidential, but Nokia revealed that it will receive an up-front cash payment from Apple, with additional revenues during the term of the agreement. Also, revenue generated from the agreement and a non-recurring catch-up revenue will start running from this quarter itself.

Meanwhile, Jeff Williams, Apple’s chief operating officer said, “We are pleased with this resolution of our dispute and we look forward to expanding our business relationship with Nokia.”

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