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
Are you looking for fast-news, hot-tips and market analysis?
Sign-up for the Invezz newsletter, today.
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:
Nokia, Lenovo conclude patent deal, settles litigation today.ng - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from today.ng Daily Mail and Mail on Sunday newspapers.
By Dave Sebastian Verizon Communications Inc. said it has struck a deal with Associated British Ports to deploy private 5G at the Port of Southampton in partnership with Nokia Corp. The private 5G deal is Verizon s first in Europe, the company said Thursday. Southampton will be the first U.K. mainland port with access to a private 5G network, Verizon said. The port handles goods flowing through supply chains, as well as cars and cruise. The private 5G platform will provide wireless data network across certain areas within the east and west docks of the port, Verizon said. Write to Dave Sebastian at dave.sebastian@wsj.com
Could Latvia become NATO s 5G military test hub? marinecorpstimes.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from marinecorpstimes.com Daily Mail and Mail on Sunday newspapers.
Could Latvia become NATO s 5G military test hub? c4isrnet.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from c4isrnet.com Daily Mail and Mail on Sunday newspapers.