Nokia set to pay Qualcomm $2.3bn in patent deal

John Walko, EE Times
(10/16/2008 10:19 AM EDT)

LONDON — Hidden away in Nokia's third quarter results was confirmation that the Finnish handset maker will pay Qualcomm Inc. Euros 1.7 billion ($2.3 billion) as part of the patent agreement between the companies.

Until now, the exact size of the payment has not been revealed.

The agreement reached in July ended a long-running dispute between the companies, granted Nokia a licence under all Qualcomm's patents for use in Nokia's mobile devices and Nokia Siemens Networks infrastructure equipment.

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