updated 03:56 pm EST, Fri February 7, 2014
HTC paying Nokia, pair will combine forces to work on LTE portfolio
Nokia and HTC have entered into a patent and technology collaboration agreement and, as a result, have settled all pending patent litigation between them worldwide. HTC will make payments to Nokia, and the collaboration will involve HTC's LTE patent portfolio. The companies say they will also explore future technology collaboration opportunities. The full terms of the agreement have not been disclosed.
"We are very pleased to have reached a settlement and collaboration agreement with HTC, which is a long-standing licensee for Nokia's standards-essential patents," said Paul Melin, chief intellectual property officer at Nokia. "This agreement validates Nokia's implementation patents and enables us to focus on further licensing opportunities."
"Nokia has one of the most preeminent patent portfolios in the industry," said Grace Lei, General Counsel of HTC. "As an industry pioneer in smartphones with a strong patent portfolio, HTC is pleased to come to this agreement, which will enable us to stay focused on innovation for consumers."