Nokia and HTC reached a settlement of all pending patent litigation. HTC will make payments to Nokia. Financial terms were not disclosed.
The companies also entered into a technology collaboration agreement involving HTC’s LTE patent portfolio. The companies will also explore future technology collaboration opportunities.
“We are very pleased to have reached a settlement and collaboration agreement with HTC, which is a long standing licensee for Nokia’s standards essential patents,” said Paul Melin, chief intellectual property officer at Nokia. “This agreement validates Nokia’s implementation patents and enables us to focus on further licensing opportunities.”
“Nokia has one of the most preeminent patent portfolios in the industry,” said Grace Lei, General Counsel of HTC. “As an industry pioneer in smartphones with a strong patent portfolio, HTC is pleased to come to this agreement, which will enable us to stay focused on innovation for consumers.”
