Nokia, Lenovo Conclude Patent Cross-license Deal, Settle Litigation
ESPOO (dpa-AFX) - Finnish telecom equipment maker Nokia Corp. said it concluded a multi-year, multi-technology patent cross-license agreement with Chinese PC and mobile maker Lenovo Group Ltd. The companies now agreed to settle all pending litigation over video-compression technology patents.
According to the agreement, Lenovo will make a net balancing payment to Nokia. The deal terms remain confidential.
Nokia had launched legal proceedings against Lenovo in 2019 over alleged infringement of 20 video-compression technology patents. The company filed cases in the United States, Brazil, India, as well as in Germany, where there were six cases between the parties.