logo
Share SHARE
FONT-SIZE Plus   Neg

Nokia Gets Decision In Patent License Arbitration With LG Electronics

Nokia Corp. (NOK) said that the International Court of Arbitration of the International Chamber of Commerce has issued its award for the binding arbitration between Nokia and LG Electronics.

The companies had previously agreed that this would settle the royalty payment obligations for the royalty-bearing smartphone patent license from Nokia Technologies announced in June 2015.

Nokia noted that the details of the arbitration award and license agreement remain confidential. The company will follow its existing practices for disclosing patent licensing revenue in its quarterly announcements and expects that revenue for the agreement will be recognized in the third quarter of 2017, including an element of non-recurring catch-up revenue, with additional revenues expected during the term of the agreement.

by RTT Staff Writer

For comments and feedback: editorial@rttnews.com

Business News

Quick Facts

Editors Pick
While Democrats have largely been critical of the Republican tax reform plan, President Donald Trump has claimed the proposal has some bipartisan support. Trump suggested to reporters ahead of a meeting with members of the Senate Finance Committee on Wednesday that "people on both sides" support the tax reform plan. Healthcare is very expensive in the U.S., in fact among the most expensive in the world by most measures. Health care facilities are largely owned and operated by businesses in the private sector. Most Americans have access to health care, though costs and services vary from state to state. However,... Electronic Arts Inc. said it is shutting down its Visceral Games Studio and making major changes to its upcoming Star Wars project currently being developed by the studio. Visceral Games is best known for creating the "Dead Space" series.
comments powered by Disqus
Follow RTT