BRUSSELS: Daimler has consented to cover Nokia because of its patents, finishing a row which emphasized a struggle between technology and auto firms over royalties for essential technology.
Nokia, making 1.
4 billion euros ($1.
7 billion) in licensing earnings each year, and also carmaker Daimler had prosecuted each other in German courts in the past few decades, with mixed outcomes.
Tech companies need automakers to pay royalties for technology used in navigation systems, car communications and self-driving automobiles however, the latter state their providers should pay rather, which might lower the costs of patent holders.
The arrangement declared together with Daimler on Tuesday marks the most recent triumph for Nokia that in April struck a deal with China’s Lenovo underneath the planet’s largest PC manufacturer would earn a mesh balancing payment into the Finnish telecoms gear maker and solve all pending lawsuit.
That followed a deal with Samsung the preceding month where the South Korean firm consented to make royalty payments because of its technology associated with video standards.
Nokia and Daimler reported they had attained a patent licensing agreement and will even halt their lawsuit.
The German carmaker needs thus far never paid Nokia because of its patents.
“We advised that the settlement, by an economic viewpoint and since we prevent protracted.
.
.
disputes,” that a Daimler spokeswoman stated.
“Under the deal, Nokia permits cellular telecommunications technologies into Daimler and receives payment in yield,” the firms said in a joint announcement.
“The details of the agreement stay confidential as agreed between the parties,” they added.
The conclusion of the dispute implies that a German court’s petition to the Luxembourg-based Court Justice, Europe’s greatest, last year to get advice on the issue would be moot.
Audi, Bentley, BMW, Mini, Porsche, Rolls Royce, Seat, Skoda, Volkswagen and Volvo have already been paying patent fees to Nokia.
