Nokia issued a press release this morning stating that it has reached an agreement with Apple that includes the settlement of all patent litigation between the companies. This includes a one-time payment from Apple and ongoing royalties.
The full press release can be read below.
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Espoo, Finland - Nokia announced that it has signed a patent license agreement with Apple. The agreement will result in settlement of all patent litigation between the companies, including the withdrawal by Nokia and Apple of their respective complaints to the US International Trade Commission.
The financial structure of the agreement consists of a one-time payment payable by Apple and on-going royalties to be paid by Apple to Nokia for the term of the agreement. The specific term
