Nokia and Apple today announced that they have settled all their patent litigation issues and have signed a multi-year patent license.
The agreement will see Nokia provide “certain network infrastructure product and services” to Apple, while the latter will once again start selling Nokia-branded — formerly Withings — health products in its retail and online store. Both companies are now also exploring opportunities to collaborate in digital health segment. Regular summits between the top executives of Nokia and Apple will also be held for the betterment of their relationship and for the benefit of customers.
“This is a meaningful agreement between Nokia and Apple,” said Maria Varsellona, Chief Legal Officer at Nokia, 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.”
Details of the agreement between the two companies have not been made public, but this agreement will see Apple paying an upfront amount to Nokia, with additional revenues coming in during the term of the agreement.
Nokia had sued Apple in the US and Germany last year for infringing on several of its patents. The companies were in talks over a licensing agreement but failed to reach a conclusion which led Nokia to file a lawsuit. Back then, Apple claimed that Nokia was trying to “collect excessive fees” through illegal patent transfer scheme.[Via Apple]