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Nokia settles patent dispute with Samsung

The Nokia headquarters is seen in Espoo, Finland, July 28, 2015. Nokia Corporation published the interim report for Q2 2015 and January-June 2015 on July 30, 2015.

Reuters/Mikko Stig/Lethikuva/Files

HELSINKI Finland’s Nokia on Monday settled its patent dispute with Korea’s Samsung, saying the arbitration verdict will boost its patent sales by hundreds of millions of euros.

Nokia said including the verdict, the sales of its patent unit Nokia Technologies increased to around 1,02 billion euros ($1.1 billion) in 2015 from 578 million euros in 2014.

The 2015 revenues include catch-up revenue from the past two years. The annualized net sales run-rate for the patent unit is now about 800 million euros, Nokia added.

($1 = 0.9219 euros)

(Reporting by Jussi Rosendahl, editing by Terje Solsvik)

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