The financial terms of the settlement are confidential. HTC and Nokia did have a previous agreement that covered non essential patents. Today's agreement covers standards essential patents and involves HTC paying money to Nokia. The latter will have access to HTC's LTE patent portfolio. Note to Apple and Samsung: this is how it's done.
"We are very pleased to have reached a settlement and collaboration agreement with HTC, which is a long standing licensee for Nokia's standards essential patents. This agreement validates Nokia's implementation patents and enables us to focus on further licensing opportunities."-Paul Melin, chief intellectual property officer, Nokia.
"Nokia has one of the most preeminent patent portfolios in the industry. As an industry pioneer in smartphones with a strong patent portfolio, HTC is pleased to come to this agreement, which will enable us to stay focused on innovation for consumers."-Grace Lei, General Counsel, HTC
"Nokia has one of the most preeminent patent portfolios in the industry. As an industry pioneer in smartphones with a strong patent portfolio, HTC is pleased to come to this agreement, which will enable us to stay focused on innovation for consumers."-Grace Lei, General Counsel, HTC
source: HTC
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