Nokia and Apple announced today that they have settled all litigation related to their intellectual property dispute. On top of that, they agreed to a multi-year patent license.
“This is a meaningful agreement between Nokia and Apple,” said Maria Varsellona, Chief Legal Officer at Nokia, who is responsible for Nokia’s patent licensing business. “It moves our relationship with Apple from being adversaries in court to business partners working for the benefit of our customers.”
Under a business collaboration agreement, Nokia will be providing network infrastructure services to Apple. For its part, Apple will resume carrying Nokia digital health products in Apple retail and online stores. Beyond that, Apple and Nokia say they are exploring future collaboration in digital health initiatives. “Regular summits” between Nokia and Apple executives will” ensure that the relationship works effectively and to the benefit of both parties and their customers,” according to a statement from Apple.
“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.
Last year Nokia filed complaints against Apple for patent infringement. Apple then counter-sued Nokia and also pulled Nokia-owned accessories from stores worldwide.
Full details remain confidential, but we know that Nokia will receive an upfront cash payment from Apple, with additional revenues during the term. Nokia noted that it intends to provide a comprehensive update of its capital structure optimization program in conjunction with its third quarter 2017 results.