BlackBerry wins USD 815 mln from Qualcomm in arbitration

Wednesday 12 April 2017 | 17:24 CET | News
BlackBerry has won a USD 815 million refund from Qualcomm in a binding decision from an arbitration panel. Qualcomm announced that it was ordered to refund a sum of USD 814.9 million, plus interest and attorneys' fees, to BlackBerry related to royalties on sales in the period 2010-2015. The companies had agreed to arbitrate a contract dispute relating to one specific issue, Qualcomm said. This was whether Qualcomm's voluntary per unit royalty cap program applied to BlackBerry's non-refundable prepayments of royalties for smartphone sales. Qualcomm said it does not agree with the decision, but

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Categories: Mobile & Wireless
Companies: BlackBerry / Qualcomm
Countries: World
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