Apple And Nokia End Patent War With Fresh Licensing Agreement
"This is a meaningful agreement between Nokia and Apple," said Maria Varsellona, Chief Legal Officer at Nokia, responsible for Nokia’s patent licensing business. "It moves our relationship with Apple from being adversaries in court to business partners working for the benefit of our customers."
"We are pleased with this resolution of our dispute and we look forward to expanding our business relationship with Nokia," said Jeff Williams, Apple's chief operating officer.
As part of the agreement, Apple will pay Nokia an undisclosed sum of cash up front, with additional revenues during the term of the agreement. In exchange, Nokia will provide certain network infrastructure product and services to Apple. Apple will also be allowed to continue carrying Nokia's digital health products, both online and in its retail locations. And to ensure things do not sour between the companies, Apple and Nokia have agreed to send top executives to regular summits between the two.
It is not clear if technologies Nokia acquired from its $16.6 billion purchase of Alcatel-Lucent in 2015 are included in the agreement.