LOS ANGELES — Apple Inc. and Nokia Corp. have reached a settlement that would end 2-year-old patent disputes over mobile phone technology.
In the agreement, Apple will provide Nokia a one-time payment as well as licensing royalties in the future. Nokia wouldn’t say how much Apple would pay.
The payments will cover all past and ongoing use of patented Nokia technology by Apple, the Finnish tech company said.
“We are very pleased to have Apple join the growing number of Nokia licensees,” Nokia Chief Executive Stephen Elop said in a statement.
“This settlement demonstrates Nokia’s industry-leading patent portfolio and enables us to focus on further licensing opportunities in the mobile communications market.”
Both firms have agreed to drop their patent suits against each other, Nokia said.
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