Nokia and Lenovo had patent-related issues and it has come to an end now. A new dispute in the technology industry concludes with a patent settlement. In this case, the protagonists are Nokia and Lenovo.
The Chinese giant will pay Nokia for the use of its intellectual property after reaching an agreement that will last several years, the details are unknown.
The only ground the companies have delved into is the fact that this agreement puts an end to pending litigation between them in different parts of the world.
“We appreciate, and very much respect, the constructive spirit Lenovo brought to our negotiations and look forward to working together to bring further innovation to their users around the world,” states Jenni Lukander, president of Nokia Technologies.
Nokia has a portfolio of 20,000 patent families, including more than 3,500 declared essential for 5G.
The peace between companies comes shortly after the Finnish brand signed a similar agreement with Samsung.