Nokia settles patent dispute with InterDigital for USD 253 million
The Finnish electronics manufacturer Nokia has agreed to pay the US company InterDigital 253 million dollars (EUR 201 million) to settle a patent dispute, said InterDigital in a press release on Thursday.
The settlement came after Nokia lost a patent dispute in a New York court over a second-generation (2G) mobile technology patent licence agreement dating back to 1999.
The agreement with InterDigital releases Nokia from infringement liability linked with its global marketing of third generation (3G) mobile technology. InterDigital says that licence negotiations between the companies are continuing.
"By terminating the current licence agreement the parties can have a fresh start to negotiations on solving 3G questions", William Merritt, the chief executive of InterDigital, told the French news agency AFP.
Nokia press release April 28, 2006: Nokia and InterDigital resolve contract dispute