Apple today said it has settled its patent complaints against Nokia and the two have signed a multi-year patent license.
The two firms sued one another in December of last year concerning licensing fees for Nokia’s patents. Nokia said Apple refused to pay fair prices, while Apple accused Nokia of antitrust tactics. Nokia had sold its patents to patent-assertion firms that then demanded higher rates.
Going forward, Nokia will provide Apple with network infrastructure products and services, and Apple will resume selling Nokia-owned smart devices (Withings) as the two look at future potential digital health offerings.
“We are pleased with this resolution of our dispute and we look forward to expanding our business relationship with Nokia,” said Apple COO Jeff Williams.
Apple is set to pay Nokia a significant upfront fee and then on-going payments. Both companies expressed positive sentiments in having the matter behind them.
