RIM renews patent license agreement with Nokia
updated 02:10 pm EST, Thu December 4, 2008
RIM, Nokia renew patent
Nokia announced on Thursday that it has renewed its patent license agreement with Research In Motion (RIM). Under the multi-year patent deal, Nokia will receive money from RIM for the global use of patented technologies used in GSM, WCDMA (3G) and CDMA2000 voice networks. While no numbers were released, Nokia will receive an up-front payment as well as regularly-scheduled royalties from RIM.
Nokia has spent the equivalent of about $44 billion in research and development, and its patent portfolio includes nearly 300 GSM, 370 WCDMA and 170 CDMA2000 patent families.
"Today's announcement demonstrates the success of Nokia's increased focus on patent out-licensing," says the Vice President of Intellectual Property Rights at Nokia, Ilkka Rahnasto.
