Sunday, May 29, 2016
Search
  
Submit your own News for
inclusion in our Site.
Click here...
Breaking News
Plextor To Showcase Its Gaming Grade SSDs at Computex 2016
Nvidia's GeForce GTX 1080 Launches Wordlwide
Corsair Bulldog PC Is Seeking A Place In Your Living Room
Samsung Galaxy C5 and C7 Released In China
SSD Adoption in Notebooks To Increase This Year As TLC NAND Market Matures
Samsung To Launch SamsungPay Mini Online Payments App
Facebook Publishers To Show Ads To Everyone
Samsung and Warner Bros. Release The Samsung Galaxy S7 edge Injustice Edition
Active Discussions
Which of these DVD media are the best, most durable?
How to back up a PS2 DL game
Copy a protected DVD?
roxio issues with xp pro
Help make DVDInfoPro better with dvdinfomantis!!!
menu making
Optiarc AD-7260S review
cdrw trouble
 Home > News > Mobiles > Nokia A...
Last 7 Days News : SU MO TU WE TH FR SA All News

Friday, April 28, 2006
Nokia Agrees to Pay InterDigital $253 Million


InterDigital Communications Corporation announced on Thursday that Nokia agreed to pay $253 million to settle a dispute over royalties for telecom technology.

U.S.-based InterDigital sued over payments for second-generation (2G) mobile phone technology and related litigation matters. The payment is expected to be made by Friday, the company said in a press release.

As part of the deal, Nokia "will be released from infringement liability for its worldwide sales of 3G (third generation) terminal units and infrastructure," according to InterDigital, but talks will continue on a new license.

The parties have agreed to terminate their 1999 patent license agreement that was primarly scheduled to terminate at the end of the year. As a result, Nokia's sales of 3G products after April 26 will be unlicensed. InterDigital expects to continue negotiations with Nokia on the matter.

"Throughout this process, we were confident that we would be paid the amounts owed under the arbitration award by agreement or by court order," said William Merritt, President and Chief Executive of InterDigital.

Regarding future 3G sales, Merritt added: "We remain hopeful that we can reach an amicable resolution on this issue on terms acceptable to both parties. By terminating the current license agreement, the parties have a clean slate from which to work and resolve 3G issues."

InterDigital will host a conference call today to discuss the resolution. For a live Internet broadcast of the conference call visit InterDigital< then click on the link to the Live Web Cast on the homepage.


Previous
Next
Revolution Officially Called "Wii"        All News        LiteOn SLW 831SX Review
Microsoft Releases MapPoint 2006     Mobiles News      Cisco/Motorola Call Wi-Fi Phone Deal Off

Get RSS feed Easy Print E-Mail this Message

Related News
Nokia Buys Withings To Connect People to Better Health
MWC: Ericsson, Nokia Offer 5G Timelines
Ericsson And Nokia Extend 3G's Capabilities Toward 5G Era
Nokia Settles Patent Dispute With Samsung
Nokia's Virtual Reality Camera 'Ozo' Priced at $60,000
New Nokia 230 and Nokia 230 Dual SIM Phones Coming Next Month
Nokia Agrees on 'Shanghai Bell' Joint Venture with China Huaxin
Entry-level Nokia 222 Phone Lets You Surf Online, Capture Photos
AUDI AG, BMW Group and Daimler AG To Buy Nokia's HERE Digital Mapping Business
Nokia Releases The OZO Virtual Reality Camera for Professionals
European Regulators Approve Nokia's Acquisition of Alcatel-Lucent
Nokia Said To Release VR Device

Most Popular News
 
Home | News | All News | Reviews | Articles | Guides | Download | Expert Area | Forum | Site Info
Site best viewed at 1024x768+ - CDRINFO.COM 1998-2016 - All rights reserved -
Privacy policy - Contact Us .