Nokia and Apple announced that they settled all litigation related to their intellectual property dispute and agreed a multi-year patent license.
“While details of the agreement remain confidential, Nokia will receive an up-front cash payment from Apple, with additional revenues during the term of the agreement,” said the companies.
Under a new business collaboration agreement, Nokia will provide certain network infrastructure product and services to Apple.
Apple will resume carrying Nokia digital health products (formerly under the Withings brand) in Apple retail and online stores, and Apple and Nokia are exploring future collaboration in digital health initiatives.
Regular summits between top Nokia and Apple executives will ensure that the relationship works effectively.
“This is a meaningful agreement between Nokia and Apple,” said Maria Varsellona, chief legal officer at Nokia, responsible for Nokia’s patent licensing business.
“It moves our relationship with Apple from being adversaries in court to business partners working for the benefit of our customers.”
Jeff Williams, Apple’s chief operating officer, said: “We are pleased with this resolution of our dispute and we look forward to expanding our business relationship with Nokia.”
Basil Alwan, president of Nokia’s IP/Optical Networks business, said: “This agreement will strengthen our collaboration.
“We look forward to supporting Apple.”