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Dec 22, 2012
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Patent deal with RIM to help Nokia boost dire finances
Struggling Finnish mobile phone maker Nokia has settled its patent dispute with BlackBerry maker Research in Motion in return for payments, as it tries to exploit its trove of technology patents to boost its dire finances.
Terms of the agreement were confidential, but Nokia said on Friday it included a one-time payment to be booked in the fourth quarter, as well as ongoing fees, all to be paid by RIM.
Nokia is one of the industry’s top patent holders, along with Qualcomm and Ericsson, having invested 45 billion euros ($60 billion) in mobile research and development over the past two decades. It has been trying to make use of that legacy to ensure its survival as it battles to recover ground lost in the lucrative smartphone market to the likes of Apple and Samsung.
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http://www.financialexpress.com
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