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Nokia says Apple to pay royalties, ending patent disputes

The world's leading mobile phone maker Nokia said today that Apple had agreed to pay royalties for use of Nokia technology in its devices, ending all of their 46 ongoing patent disputes.

business Updated: Jun 14, 2011 13:00 IST

The world's leading mobile phone maker Nokia said on Tuesday that Apple had agreed to pay royalties for use of Nokia technology in its devices, ending all of their 46 ongoing patent disputes.

"The financial structure of the agreement consists of a one-time payment payable by Apple and on-going royalties to be paid by Apple to Nokia for the term of the agreement," Nokia said in a statement, adding that the details of the contract were confidential.