Gadget Column - Nokia and Samsung have been for many years had the legal issues related to patents still not finished. But today finally it was over. Reuters reported that thanks to the provision of Arbitration Nokia managed to bring some money of its dispute with Samsung.
Disputes with Samsung has boosted sales of units Nokia patents Technologies for approximately $ 1.1 billion in 2015, including sales over the last two years amounted to 578 million euros in 2014. Net sales of Nokia patent unit is currently 800 million euros.
Head of Nokia Technology Ramzi Haidamus said "The use of independent arbitration to resolve differences in patent case recognized a best practice, and we welcome the additional compensation to be paid (Samsung) to Nokia by the extension of the agreement."
In addition to the above nominal, Nokia also expects to receive additional cash worth 1.3 billion euros over the provision and sustainability of arbitration during 2016-2018.
LG Entangled Dispute the Same
Not only Samsung course, competitors are still a country with Samsung, LG also involved in the same dispute patent dispute with Nokia. The difference, LG dispute with Nokia still has not ended.
As it is known that although Nokia no longer have business in the smartphone industry and more focus on the telecommunications network business, but the company still has a large number of phone patent portfolio.
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