Nokia and Apple settle long-running legal disputes

Apple
This June 11, 2015 photo shows the Apple logo on an iMac at an Apple store in New York. Apple violated antitrust laws by colluding with publishers to raise electronic book prices when it entered a market in 2010 that had been dominated by Amazon.com, a federal appeals court said Tuesday, June 30, 2015. (AP Photo/Mark Lennihan)

HELSINKI (AP) — Nokia and Apple have settled their numerous legal disputes after signing an agreement to work together.

Nokia, once the world’s No. 1 cellphone maker and now a networks provider after selling its ailing mobile phone sector to Microsoft in 2014, described the pact as “meaningful.”

Maria Varsellona, Nokia’s chief legal officer said the agreement “moves our relationship with Apple from being adversaries in court to business partners working for the benefit of our customers.”

The two companies have been involved in a number of patent infringement claims over the years.

Nokia, which owns a huge portfolio of patents, said it will receive an up-front cash payment from Apple, with additional revenues during the term of the agreement.

Nokia did not reveal the terms of the deal as it’s confidential.

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