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Wireless

Nokia sees Microsoft support payments higher than royalties

Thursday 7 March 2013 | 16:55 CET | News
Nokia announced that it expects to receive more in support payments from Microsoft this year than it pays the software company for licensing its Windows Phone operating system. Nokia provided more details on the terms of the long-term cooperation in its SEC filing on 2012 results. The Finnish company said the support payments, which amounted to USD 250 million per quarter last year, will "slightly exceed" the minimum software royalties it pays Microsoft in 2013. Over the life of the contract, the reverse is true. Nokia said royalties are expected to exceed support payments by around EUR 500

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Categories: Mobile & Wireless
Companies: Microsoft / Nokia
Countries: World
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