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Nokia Settles With Qualcomm for $2.28 Billion

October 20, 2008 in Wireless Industry News

The long and drawn-out war between two wireless giants has finally reached an end. Nokia and Qualcomm both agreed to drop all legal proceedings against each other, and sign a new licensing agreement that has Nokia paying a hefty sum for Qualcomm’s patents.

It’s hard to say how much of the agreement is set in stone, however: a spokesperson for Nokia said the company would be paying out $2.28 billion dollars, while Qualcomm’s spokesperson claimed $2.5 billion dollars. Uh-oh. Is that another legal battle on the horizon?

In return for the upfront payment and subsequent royalties, Nokia will get access to a number of Qualcomm’s patents for a period of 15 years.

Qualcomm: Nokia to pay $2.5B in royalties dispute

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