Qualcomm, Nokia settle licensing dispute
Written on July 28, 2008
Nokia Corp. and Qualcomm Inc. say they have agreed to settle a high-stakes licensing dispute and end a series of legal battles that has spanned several continents.
The wireless industry heavyweights said Wednesday that they struck a 15-year licensing deal that gives Nokia rights to a wide portfolio of Qualcomm’s (QCOM, Fortune 500) patents no checking account payday advance. Terms were not immediately disclosed.
Nokia (NOK) says it will withdraw its antitrust complaint against Qualcomm at the European Commission.
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