logo
  

Nokia Agrees To License Mobile Telecommunications Technology To Daimler

German automaker Daimler AG (DDAIF.PK) and Finland's Nokia Corp. (NOK) announced Tuesday that they have signed a patent licensing agreement. Under the deal, Nokia licenses mobile telecommunications technology to Daimler and receives payment in return.

The companies said they have agreed to settle all pending litigation between them, including the complaint by Daimler against Nokia to the European Commission.

Daimler and Nokia said the deal terms remain confidential as agreed between them.

For comments and feedback contact: editorial@rttnews.com

Business News

Editors Pick
Sturtevant, Wisconsin-based BRP U.S. Inc. is recalling around 20 models of Side-by-Side vehicles citing fire risk, the U.S. Consumer Product Safety Commission. The recall involves about 34,400 units of Model Years 2020 and 2021 Can-AM Defender HD10 side-by-side vehicles. While reporting financial results for the second quarter on Friday, technology company Honeywell international Inc. (HON) raised its adjusted earnings and sales guidance for the full-year 2021, based on the second-quarter performance and management's outlook for the remainder of the year. For fiscal... Shares of Vodafone Group Plc were gaining around 2 percent in the morning trading in London after the British telecom major reported higher revenues in its first quarter. Looking ahead, the company said it is on track to deliver fiscal year 2022 guidance, with Adjusted EBITDAaL expected to be between 15.0 billion euros - 15.4 billion euros and Adjusted free cash flow of at least 5.2 billion euros
Follow RTT