Nokia to Receive Patent Fees From Daimler, Ending Legal Fight

0
Loading...

Daimler has agreed to pay Nokia for using its patents, ending a row that highlighted a battle between tech and car companies over royalties for key technologies.

Nokia, which makes EUR 1.4 billion (roughly Rs. 12,450 crores) in licensing revenues every year, and carmaker Daimler had sued each other in German courts in recent years, with mixed results.

Tech firms want automakers to pay royalties for technologies used in navigation systems, vehicle communications, and self-driving cars but the latter say their suppliers should pay instead, which could reduce the fees for patent holders.

Loading...

The agreement announced jointly with Daimler on Tuesday marks the latest win for Nokia which in April struck a deal with China’s Lenovo under which the world’s biggest PC maker would make a net balancing payment to the Finnish telecoms equipment maker and resolve all pending litigation.

That followed a deal with Samsung the previous month in which the South Korean company agreed to make royalty payments for its technologies related to video standards.

Nokia and Daimler said that they had reached a patent licensing deal and will also halt their litigation. The German carmaker has to date never paid Nokia for using its patents.

Loading...

“We welcome the settlement, from an economic point of view and because we avoid lengthy … disputes,” a Daimler spokeswoman said.

“Under the agreement, Nokia licenses mobile telecommunications technology to Daimler and receives payment in return,” the companies said in a joint statement.

“The terms of the agreement remain confidential as agreed between the parties,” they added.

Loading...

The end of the dispute means a German court’s request to the Luxembourg-based Court of Justice, Europe’s highest, last year for guidance on the issue will be moot.

Audi, Bentley, BMW, Mini, Porsche, Rolls Royce, Seat, Skoda, Volkswagen, and Volvo are already paying patent fees to Nokia.

© Thomson Reuters 2021
 

Loading...

It’s an all television spectacular this week on Orbital, the Gadgets 360 podcast, as we discuss 8K, screen sizes, QLED and mini-LED panels — and offer some buying advice. Orbital is available on Apple Podcasts, Google Podcasts, Spotify, Amazon Music and wherever you get your podcasts.

Stay connected with us on social media platform for instant update click here to join our  Twitter, & Facebook

We are now on Telegram. Click here to join our channel (@TechiUpdate) and stay updated with the latest Technology headlines.

For all the latest Technology News Click Here 

Loading...

 For the latest news and updates, follow us on Google News

Read original article here

Denial of responsibility! TechAzi is an automatic aggregator around the global media. All the content are available free on Internet. We have just arranged it in one platform for educational purpose only. In each content, the hyperlink to the primary source is specified. All trademarks belong to their rightful owners, all materials to their authors. If you are the owner of the content and do not want us to publish your materials on our website, please contact us by email – [email protected]. The content will be deleted within 24 hours.

Loading...

This website uses cookies to improve your experience. We'll assume you're ok with this, but you can opt-out if you wish. Accept Read More