Nokia has said that it has signed an agreement with Apple, under which Apple will pay an undisclosed sum and ongoing royalties to use the Finnish firm’s technologies.
The technology licensing agreement also marks the end of a long-standing legal dispute between the two companies over patents. Both companies are expected to drop all their current lawsuits.
Nokia said, "The agreement will result in settlement of all patent litigation between the companies."
"We are very pleased to have Apple join the growing number of Nokia licensees," said Nokia’s chief executive Stephen Elop.
"This settlement demonstrates Nokia’s industry-leading patent portfolio and enables us to focus on further licensing opportunities in the mobile communications market."
Apple said the agreement covered both patents from both companies, but excluded most of the patents related to iPhone.
It said, "Apple and Nokia have agreed to drop all of our current lawsuits and enter into a license covering some of each others’ patents, but not the majority of the innovations that make the iPhone unique.
"We’re glad to put this behind us and get back to focusing on our respective businesses."
Nokia said that during the last two decades, it has invested approximately EUR 43bn in R&D.
