Nokia, Apple end patent dispute
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