Join Hands to Build a Smarter India: Sign in | Join now

Nokia Signs Patent-Licensing Deal With RIM, Ends Dispute

By SiliconIndia  |   Thursday, 27 December 2012, 01:23 Hrs
35
cmt right
26
Comment Right
66
cmt right
10
cmt right
Printer Print Email Email


Bangalore:  The beleaguered Finnish mobile-maker, Nokia has agreed to sign a patent-licensing deal with Research In Motion (RIM) for getting some economic leverage and at the same time ending the legal disputes between the mobile makers, reports The Economic Times.



RIM will make a one-time and “ongoing” payment to Nokia, as the Finnish mobile maker said. The financial parts of the deal weren’t disclosed.    



With Nokia’s recent no performance where its shares declined 2.2 percent, as Helsinki Time reported, the deal could be a breather for the struggling Finnish company.



Nokia is trying to add up some moolah from its patent portfolio. It may get a one-time payment of $150 million to $200 million, and about $50 million annually over the next 10 to 15 years, depending on when the patents expire, according to estimates by Hannu Rauhala, an analyst at Pohjola Bank Oyj in Helsinki.



Previous gig by Nokia to strengthen its economic position is by selling units and assets including its headquarters. Nokia’s cash reserve has shrunk by about half in the past five years and will drop below 3 billion euros by year-end, as estimated by Standard and Poors, an American financial services company, in August.    



“The impact of this deal is twofold: on the one hand, it shows the upside potential for Nokia to cash in from similar legal cases,” said Sami Sarkamies, an analyst at Nordea Bank AB in Helsinki, as Bloomberg reported. “Secondly, the financial impact will help Nokia beef up its cash position and bring in new revenues that give Nokia time to turn its loss-making smartphone unit around.”



Read also: 12 Tech Titans Struggling To Survive Doomsday



 



Experts on SiliconIndia
Santhosh  K
Sr. Soft. Engg.
Oracle India
Nehal Vyas
Sr. Team Lead
Cyberoam Tech.
Rani Malli
Sr. Director
Philips
Ather Mohammad A
Sr. Executive
ISB
Vijay Balkrishna Konduskar
Business Consultant
Imans Web Tech
Dr L P  Sharma
Technical Director
NIC
Reena Khanna
Founder
Solitaireworld
Dellas  Asse
sys-network admin
Computer Station
Sign Up for DailyDose and Read the Day's Highlights
Follow SiliconIndia :
Write your comment now
Submit Reset
SiliconIndia About Us   |   Contact Us   |   Help   |   Community rules   |   Advertise with us   |   Sitemap   |  
News:       Technology   |   Enterprise   |   Gadgets   |   Startups   |   Finance   |   Business   |   Career   |   Magazine  |   Newsletter   |   News archive  
Cities:        CEO   |     Startup   |   Mobile   |   CIO   |   Women   |   BI   |   HR   |   SME   |   Cloud   |   Marketing   |   QA   |   Java   |   Web Developer  
Community:      Members   |   Blogs   |   Indian Entrepreneurs   |   Gyan   |   Advice   |   Community   |   Find   |   CXO Insights  
Job Board:      Jobs   |   Freshers   |   Companies   |   HR Speak   |   Forum  
Online Courses:   Web Developer   |   Java Developer   |   CCNA Training   |   SEO   |   SAS   |   SQL Server 2005   |   J2EE
Education:   MBA   |   MCA   |   Engineering   |   Training Institute
Life:          Real Estate   |   Travel   |   Finance   |   Gadgets   |   Movie Reviews   |    Jokes  
Send your feedback and help us continue to improve SiliconIndia
© 2014 InfoConnect Web Technologies India Pvt Ltd. all rights reserved