The telecom firm did not disclose the financial terms of the settlement.
Lenovo to make a net balancing payment to Nokia Corporation.
Lenovo shares that you can conveniently trade online via a range of user-friendly apps opened at £1.02 per share on Wednesday and are currently trading at 97 pence. In comparison, the stock had started the year 2021 at a lower 71 pence per share.
Nokia did not disclose the financial terms of the settlement
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Nokia refrained from disclosing the financial terms of the settlement, but highlighted that it will receive a net balancing payment from the Chinese multinational. Chief Intellectual Property Officer of Lenovo Group, John Mulgrew, commented on the news on Wednesday and said: