RIM and Nokia Settle Dispute; BlackBerry Maker Will Have to Pay Up

Posted by Techvibes NewsDesk

Perhaps it's the spread of holiday cheer, but Research In Motion and Nokia have finally agreed to settle a dispute between the two smartphone competitors.

The agreement will result in settlement of all existing patent litigation between the companies and withdrawal of pending actions in the US, UK, and Canada related to a recent arbitration tribunal decision. Nokia says that financial structure of the agreement includes a one-time payment and on-going payments, all from RIM to Nokia, but that the specific terms of the agreement are confidential.

"We are very pleased to have resolved our patent licensing issues with RIM and reached this new agreement, while maintaining Nokia's ability to protect our unique product differentiation," said Paul Melin, chief intellectual property officer at Nokia. "This agreement demonstrates Nokia's industry leading patent portfolio and enables us to focus on further licensing opportunities in the mobile communications market."

Hannu Rauhala, an analyst at Pohjola Bank Oyj in Helsinki, estimates the one-time payment will be around $150 to $200 million, plus another $50 million per year for the next 10 to 15 years. Amortized over the full term, it's a relatively modest sum for RIM—though not insignificant—who has $2.9 billion in the bank.

Company:
Nokia Canada
Website:
http://www.nokia.ca
Location:
Richmond, British Columbia, Canada

Nokia Canada has operated since the 1970s. During this time, Nokia has transformed itself from an industrial conglomerate to a focussed telecommunications company. Due to its cutting-edge technology and successful marketing, Nokia has risen to become a leading player in the global telecommunications industry. more

Company:
BlackBerry
Website:
http://www.blackberry.com
Location:
Waterloo, Ontario, Canada

Research In Motion (RIM), a global leader in wireless innovation, revolutionized the mobile industry with the introduction of the BlackBerry solution in 1999. Since then, BlackBerry products and services have continued to change the way millions of people around the world stay connected. With the launch of BlackBerry 10, we have re-designed, re-engineered and re-invented BlackBerry. Not only did we introduce a... more


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Techvibes NewsDesk

Techvibes NewsDesk

Techvibes is Canada's leading technology media property.Founded in 2002, Techvibes covers technology and business news that impacts Canadians. We combine breaking local news with international coverage to deliver a unique balance of insight and information. The Techvibes Newsdesk covers a broad beat and publishes general news stories. If you have a story you would like covered, email... more



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