Nokia, Ap­ple end patent dis­pute

New Straits Times - - Business -

HELSINKI: Nokia has set­tled its patent dis­pute with Ap­ple and signed a busi­ness col­lab­o­ra­tion deal with the United States tech giant, the Fin­nish firm said yes­ter­day, send­ing its shares sharply higher.

Nokia said it would re­ceive an up­front cash pay­ment and ad­di­tional rev­enues from Ap­ple start­ing from the cur­rent quar­ter.

Nokia shares, which fell in De­cem­ber due to the patent dis­pute, jumped 7.4 per cent to €5.93 (RM28.68) by 3.17 Malaysian time.

“(The agree­ment) moves our re­la­tion­ship with Ap­ple from be­ing ad­ver­saries in court to busi­ness part­ners,” said Nokia chief le­gal of­fi­cer Maria Varsel­lona.

A pre­vi­ous patent li­cence con­tract be­tween the com­pa­nies ex­pired last year and both sides took le­gal ac­tion in De­cem­ber.

Un­der the new busi­ness agree­ment, Nokia said it would pro­vide net­work in­fra­struc­ture prod­ucts and ser­vices to Ap­ple while Ap­ple would re­sume car­ry­ing Nokia’s dig­i­tal health prod­ucts in its re­tail and on­line stores.

In New York, Ap­ple and Visa are fac­ing claims by Uni­ver­sal Se­cure Reg­istry that their mo­bile-pay­ment part­ner­ship in­fringes four of its patents.

In a fed­eral suit filed in Wilm­ing­ton, Delaware, USR said it sent Ap­ple let­ters in 2010 de­scrib­ing its patented tech­nol­ogy and seek­ing a part­ner­ship long be­fore Ap­ple Pay’s de­but.

Ken­neth P. Weiss, chief ex­ec­u­tive of USR, also pur­sued a part­ner­ship with Visa around the same time, en­gag­ing “in a series of con­fi­den­tial dis­cus­sions with se­nior rep­re­sen­ta­tives”.

Both Ap­ple and Visa shunned USR’s of­fers in fa­vor of a part­ner­ship with each other to in­cor­po­rate the tech­nol­ogy into Ap­ple Pay. Agen­cies

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