New Delhi: Finland’s Nokia on Monday settled their two-year patent dispute with South Korean tech giant Samsung, reports Reuters.
The arbitration verdict is expected to boost Nokia’s patent sales by hundreds of millions of euros.
Nokia had entered into a binding arbitration with Samsung in 2013 to settle additional compensations for a five-year period starting from early 2014.
” Samsung has been paying Nokia probably 100 million per year, and the rate could now come up to around 300 million euros (per year). The settled rate will also be paid retrospectively for the last two years,” Nordea analyst Sami Sarkamies said. (ANI)