Nokia and Apple have finally settled an ongoing patent dispute and entered a new licensing agreement. The patent settlement was announced today. Both the companies have settled all litigations related to their intellectual property dispute and come down to a new license agreement. Under the new agreement, Apple will continue selling products at its stores.
Last year in December, Apple pulled the products of Withings brand from its online stores and retail stores, days after Nokia sued Apple for patent infringement. Under a business collaboration agreement, Nokia will provide network infrastructure services to Apple, while Apple will resume selling Nokia health products, which were previously sold under the Withings brand.
Nokia will be receiving an up-front cash amount and additional revenues from Apple, however, there is no details specified about the patent deal. The details of the licensing agreement remain confidential. The companies said in a joint press release that they are also exploring future collaboration in digital health initiatives.
“This is a meaningful agreement between Nokia and Apple. It moves our relationship with Apple from being adversaries in court to business partners working for the benefit of our customers.”
said Maria Varsellona, Chief Legal Officer at Nokia, responsible for Nokia’s patent licensing business.
“We are pleased with this resolution of our dispute and we look forward to expanding our business relationship with Nokia,”
said Jeff Williams, Apple’s chief operating officer.
