Nokia and Qualcomm said Wednesday they agreed to settle a high-stakes licensing dispute and end a bitter legal battle that has lasted nearly three years and spanned several continents. The wireless industry heavyweights said the 15-year licensing deal gives Nokia rights to a wide portfolio of Qualcomm's patents. The pact covers a host of technologies that didn't exist or were in their infancies when the two companies signed, and later renewed, their initial agreement.
July 24, 2008 at 12:00 AM
1 minute read
Nokia Corp. and Qualcomm Inc. said Wednesday they agreed to settle a high-stakes licensing dispute and end a bitter legal battle that has lasted nearly three years and spanned several continents.
The wireless industry heavyweights said the 15-year licensing deal gives Nokia rights to a wide portfolio of Qualcomm’s patents. Terms were not disclosed.
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