Apple to pay Nokia royalties in settlement of patent disputes Maureen Cosgrove at 12:27 PM ET
[JURIST] Finnish telecommunications company Nokia [corporate website] announced Tuesday that it has entered into an agreement [press release] with Apple [corporate website], settling all patent disputes between the parties and directing Apple to pay royalties to Nokia for the term of the agreement. Both companies agreed to withdraw all complaints filed with the US International Trade Commission (ITC) [official website] and end 46 ongoing patent infringement disputes in various countries around the world. Nokia's statement indicated that the agreement would have a positive financial impact on Nokia's prospectus for the second quarter of 2011. Analysts indicated that, following its recent victory, Nokia would likely target Google Android phone developers [Al Jazeera report] next.
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