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Apple said to pay Nokia $2 billion for use of its wireless patents

By Daniel Petrov

Updated: Jul 28, 2017, 8:52 AM

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Apple said to pay Nokia $2 billion for use of its wireless patents

Tucked inside Nokia's quarterly financial report yesterday is an enigmatic "up-front cash payment of approximately EUR 1.7 billion, part of which was recognized in the second quarter 2017 results."

When probed to clarify if this is part of the eventual settlement with Apple over wireless patents that has been dragging on for a while, the Nokia people confirmed, and urged to join the quarterly release press conference today for more details.

Nokia settled with Apple in May, and, at the time, said that it will be amending the structure of its capital optimization program, which apparently meant a big one-time payment from Apple, plus ongoing royalties for using the patents that the Finns have amassed through the years as one of the pioneering cell phone makers.

source: Nokiamob

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Daniel, a devoted tech writer at PhoneArena from 2010 to 2025, has been engrossed in mobile technology since the Windows Mobile era. His expertise spans mobile hardware, software, and carrier networks, and he's keenly interested in the future of digital health, car connectivity, and 5G. Beyond his professional pursuits, Daniel finds balance in travel, reading, and exploring new tech innovations, while contemplating the ethical and privacy implications of our digital future.