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No bad blood: Apple, Nokia settle patent dispute; sign new deal

The deal shifts Apple from adversaries in court to business partners: Nokia's Chief Legal Officer

Reuters  |  Helsinki 

Nokia has settled its legal battle with Apple with a new patent licence agreement and also signed a business deal with the U.S. giant, surprising investors who had expected the dispute to drag on. The companies said on Tuesday that Nokia would receive an upfront cash payment and additional revenues from Apple starting from the current quarter, without giving details. Analysts said the revenue was likely to be far higher than a previous deal. Nokia shares, which fell in December when the patent dispute was announced, jumped as much as 8 per cent to their highest since February ...

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First Published: Tue, May 23 2017. 16:30 IST