Nokia has won an arbitration against BlackBerry by the ruling of International Chamber of Commerce International Court of Arbitration. In a royalty payment dispute between Nokia and BlackBerry, the International Court has ordered BlackBerry to pay $137 million to Nokia.
The Court found that BlackBerry hadn’t made certain payments to Nokia under a patent licensing agreement between the two.
Full Press Release:
Nokia is pleased that the International Chamber of Commerce’s International Court of Arbitration has ruled in favor of Nokia in a contract dispute with BlackBerry.
The decision confirms that BlackBerry had failed to make certain payments to Nokia under a patent license agreement between the parties.
A significant portion of the amount awarded has already been recognized by Nokia in its financials for previous periods. Nokia will follow its existing practices for disclosing patent licensing related results in its quarterly financial reports.
Nokia continues to believe that BlackBerry’s unrelated claims of patent infringement by Nokia are without merit.
