Nokia settles GSM patent clash
PrintCross-licenses technology with Vitelcom
Posted in Financial News, 24th January 2005 13:51 GMT
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Nokia has brought to a close the legal proceedings it began against rival mobile phone maker Vitelcom last November, the Finnish giant said today.
In a terse statement, Nokia said it had reached a settlement with the Spanish company. While the exact terms of the agreement were not disclosed, the deal sees the two companies cross-licensing their patents. The licences were described as "royalty bearing".
In November 2004, Nokia accused Vitelcom of ripping off some of its GSM/GPRS patents. At the same time, it alleged French mobile phone company Sagem of ripping off its handset designs, and fired off lawsuits at both firms seeking monetary damages. ®
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