Nokia Pays $20 Million To Qualcomm For Rights To UMTS Patents

Posted: Apr 5 2007, 8:05am CDT | by , Updated: Aug 11 2010, 1:25am CDT, in News | Technology News

 
Nokia Pays $20 Million to Qualcomm for Rights to UMTS Patents
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This payment of $20 Million is just covering license fees for Q2 2007. Nokia and Qualcomm continue to push their heads together for a long-term patent cross licensing agreement.

This sums are considerable, and worth fighting over to protect your bottom line.
"As we continue to negotiate the new cross-license agreement, Nokia views this payment as fair and reasonable compensation for the use of relevant Qualcomm essential patents in Nokia UMTS handsets during the second quarter of 2007. Nokia believes that Qualcomm's patent portfolio is concentrated in the United States, and that it has few or no alleged UMTS patents in many of the countries in which Nokia has substantial UMTS handset sales. When Qualcomm's early patents become paid-up and royalty-free on April 9, 2007 Qualcomm's share of all patents relevant to Nokia UMTS handsets will significantly decrease", said Rick Simonson, chief financial officer, Nokia.
More details in this Nokia press-release.

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<a href="/latest_stories/all/all/2" rel="author">Luigi Lugmayr</a>
Luigi Lugmayr () is the founding chief Editor of I4U News and brings over 15 years experience in the technology field to the ever evolving and exciting world of gadgets. He started I4U News back in 2000 and evolved it into vibrant technology magazine.
Luigi can be contacted directly at ml@i4u.com.

 

 

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