Nokia and HTC have signed a patent and technology agreement thereby ending all pending and ongoing patent litigations across the globe.
The news comes just days after a German court ruled its decision in favour of Nokia, which could have either forced HTC to design some of its handsets or face sales ban.
Full terms of the agreement have not yet been made public, and Nokia notes in a press release that HTC will be paying an undisclosed amount to the Finnish company for patent licensing.
The technology collaboration agreement is expected to bring HTC and Nokia closer than ever. As per the agreement the two companies will work together on HTC’s portfolio of LTE patents and also on “future technology collaboration opportunities”.
Paul Melin, Nokia Chief Intellectual Property Officer, said: “We are very pleased to have reached a settlement and collaboration agreement with HTC, which is a long-standing licensee for Nokia’s standards essential patents”.
“This agreement validates Nokia’s implementation patents and enables us to focus on further licensing opportunities.”
Grace Lei, General Counsel of HTC, said “Nokia has one of the most preeminent patent portfolios in the industry”.
“As an industry pioneer in smartphones with a strong patent portfolio, HTC is pleased to come to this agreement, which will enable us to stay focused on innovation for consumers.”