Daimler to pay Nokia patent fees, ending German legal spat
Updated:
Updated:
June 01, 2021 17:28 IST
Nokia, which makes 1.4 billion euros ($1.7 billion) in licensing revenues every year, and carmaker Daimler had sued each other in German courts in recent years, with mixed results.
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Daimler to pay Nokia patent fees, ending German legal spat.
| Photo Credit: Reuters
Nokia, which makes 1.4 billion euros ($1.7 billion) in licensing revenues every year, and carmaker Daimler had sued each other in German courts in recent years, with mixed results.
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Daimler to pay Nokia patent fees, ending German legal spat
By Foo Yun Chee
Reuters
BRUSSELS (Reuters) -Daimler has agreed to pay Nokia for using its patents, ending a row that highlighted a battle between tech and car companies over royalties for key technologies.
Nokia, which makes 1.4 billion euros ($1.7 billion) in licensing revenues every year, and carmaker Daimler had sued each other in German courts in recent years, with mixed results.
Tech firms want automakers to pay royalties for technologies used in navigation systems, vehicle communications and self-driving cars, but the latter say their suppliers should pay instead, which could reduce the fees for patent holders.