Nokia and RIM Settle UK, US and Canadian Patent Dispute
Nokia has agreed to settle all legal action against RIM in the UK, US and Canada, in return for a one-off sum of €50m, as disclosed in RIM’s accounts for Q3 of its fiscal 2013, and an on-going payment.
RIM lost a patent infringement case in November over its use of Nokia’s WLAN wi-fi system. The company was forced to take part in an arbitration tribunal or stop selling smartphones and tablets using the technology in the UK, US and Canada.
Nokia holds more than 10,000 patent families and says it has invested around €45bn in research and development over the last 20 years.
Both companies are currently struggling to stay relevant in the smartphone and tablet market. Nokia is betting heavily on its partnership with Microsoft on Windows products, while Blackberry is still bolstering app development ahead of the BB10 launch.