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Tuesday, 14 June 2011 09:18

Apple agrees to pay Nokia royalties

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Patent dispute settled, for the time being
Apple has agreed to pay royalties for a series of Nokia-owned patents, ending a two-year legal fight between the companies.

Under the terms of the agreement, both companies will drop their claims and counterclaims, while Apple will pay an undisclosed one-of sum, along with regular ongoing royalties.

Nokia CEO Stephen Elop said he was pleased to see Apple among the growing number of Nokia licensees.

"This settlement demonstrates Nokia's industry-leading patent portfolio and enables us to focus on further licensing opportunities in the mobile communications market," said Elop.

In all fairness, it is probably a good idea to turn into patent troll when you can’t make a decent phone.
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