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Nokia settles patent fight with Lenovo

Stock MarketsApr 07, 2021 01:25AM ET
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© Reuters. FILE PHOTO: Visitors gather outside the Nokia booth at the Mobile World Congress in Barcelona

STOCKHOLM (Reuters) - Finland's Nokia (NYSE:NOK) has settled a multi-year patent fight with China's Lenovo Group (OTC:LNVGY), the world's biggest PC maker, resolving all pending litigation across all jurisdictions, the companies said on Wednesday.

While terms of the cross-license agreement remain confidential, Lenovo will make a net balancing payment to Nokia, the Finnish telecom equipment maker said.

A Nokia spokesman declined to disclose the financial details.

Nokia launched its legal battle against Lenovo in 2019 over alleged infringement of 20 video-compression technology patents and had cases in the United States, Brazil and India, in addition to six cases in Germany.

Lenovo had also sued Nokia in a court in California.

A Munich court ruled https://www.reuters.com/article/ctech-us-nokia-patent-lenovo-idCAKBN2751ZR-OCATC in September that Lenovo infringed one of Nokia's patents, and it ordered an injunction and a recall of products from retailers. The order was stayed https://www.reuters.com/article/uk-nokia-patent-lenovo-group-idUKKBN27I264 in November by a German appeals court.

"The global accord struck will enable future collaboration between our companies for the benefit of customers worldwide," said John Mulgrew, chief intellectual property officer of Lenovo.

Nokia's patent portfolio is composed of around 20,000 patent families, including over 3,500 patent families declared essential to the 5G technology standard.

Last month Nokia struck https://www.reuters.com/article/us-nokia-patent-samsung-idUSKBN2B30ML a deal with Samsung (KS:005930) to license patents covering its innovations in video standards.

Its Scandinavian rival, Ericsson (BS:ERICAs), has also got ongoing patent disputes https://cn.reuters.com/article/kpn-ericsson-patent-idCNL8N2LU1VQ with Samsung and KPN NV, the largest Dutch telecommunications company.

Nokia settles patent fight with Lenovo
 

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Vytis Jurgelevičius
Vytis Jurgelevičius Apr 07, 2021 4:09AM ET
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