BlackBerry maker Research in Motion (RIM) paid rival Nokia 50 million
euros ($65.8 million) to settle a patent dispute, the Financial Times
reported on Thursday, citing US regulatory filings.
RIM will also have to pay the Finnish company a licence fee of between
$2 and $5 for each handset sold using Nokia technology, the newspaper
Last month, Nokia withdrew all its lawsuits against RIM
after reaching an agreement on patents relating to WLAN local area
network technology, but said the terms of the deal were confidential.
in a filing to the US Securities and Exchange Commission, the Canadian
company revealed the size of the lump sum settlement.
financial structure of the agreement includes a lump sum 50 euro million
one-time payment, which has been recorded in the company's consolidated
statement of operations in the third quarter," it said in a document
published on the agency's website.
The conflict arose from
different interpretations of which technologies were covered by a 2003
licensing deal that allows RIM to use Nokia's patented technology.
dominated the international mobile market for more than a decade but
has of late lagged behind smartphone rivals such as Apple and Samsung,
and credit rating agencies have downgraded the company due to concerns
over its profitability and its cash position
But the Espoo-based
company still holds patents to over 10,000 types of technology after
having invested approximately 45 billion euros ($60 billion) in research
and development over the past two decades.