Research In Motion (RIM) the creators of BlackBerry will have to pay Nokia (NYSE:NOK) royalties and an up-front payment for the use of its wireless patents.
Nokia the largest mobile phone manufacturer in the world did not disclose the cost but did say that RIM has just renewed a multi-year patent license agreement with them. The agreement covers CDMA2000, WCDMA and GSM patents.
Nokia’s vice president Ilkka Rahnasto, said that the announcement shows the success of Nokia’s increased focus on patent out-licensing; Just back in September a similar deal was struck between Nokia and China’s Huawei HWT. UL.
Nokia agreed to pay a onetime payment of 1.7 billion euros ($2.2 billion) as part of a 15-year deal with Qualcomm after a lengthy patent battle with the mobile chip maker earlier this year.
Source: eweek