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Wireless

Nokia to book revenue in Q3 after LG patent ruling

Monday 18 September 2017 | 08:34 CET | News
The International Court of Arbitration of the International Chamber of Commerce has issued a decision regarding the patent arbitration between Nokia and LG Electronics. The decision, which settles royalty payment obligations for a Nokia smartphone patent license announced in June 2015, is binding. Nokia did not disclose any details about the award, but did say it expects to recognize revenue for the agreement in the third quarter of this year, including a non-recurring catch-up revenue. Additional revenues are expected during the term of the agreement.

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