Nokia Pays $253 Million To Settle Patent Dispute

Law360, New York (April 27, 2006, 12:00 AM EDT) -- Finnish handset maker Nokia has agreed to pay $253 million to end a dispute with InterDigital Communications Corporation over a licensing deal for wireless technology, but another disagreement over 3G technology remains unresolved.

Nokia will remit the payment to its King of Prussia, Penn.-based rival on or before April 28, 2006, the company said.

The dispute related to “Nokia’s royalty obligations for sales of 2G TDMA-based products and related litigation matters,” according to a press release issued by InterDigital. Nokia will now have a paid-up patent...
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