BlackBerry will compensate Nokia $137 million over a agreement dispute

It’s been a while given Nokia and BlackBerry were sour smartphone rivals, though there’s copiousness of bad blood left between a dual companies. This morning, BlackBerry threw in a towel on a battle, similar to pay $137 million to a Finnish company.

The endowment stems from a 2016 brawl over obvious chartering contract. The sum of a agreement aren’t clear, though a one-time smartphone builder concluded to compensate a volume specified by a International Court of Arbitration — with one vital caveat. That whole egghead skill lawsuit is distant from done.

“BlackBerry is unhappy that a Court of Arbitration did not determine with a arguments in a box though we accept their decision,” a association pronounced in a prepared matter released this morning. “This statute does not change BlackBerry’s avowal that Nokia is infringing on a egghead skill and we are stability to energetically pursue authorised remedies in both a U.S. and Germany.”

The dual suits are indeed unrelated, and BlackBerry’s still committed to a charges it filed behind in February, accusing Nokia of infringing on 11 patents that run a progression in mobile networking products. IP has always been a cornerstone of BlackBerry’s business model, and has turn increasingly some-more critical as a association has shifted divided from creation a possess hardware.

CEO John Chen has forked to a mobile company’s obvious portfolio as a pivotal to a strategy, as BlackBerry has pivoted a skeleton to software, confidence and chartering to companies like TCL, that has begun to recover products underneath a name.

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Posted by on Dec 1 2017. Filed under Mobile. You can follow any responses to this entry through the RSS 2.0. You can leave a response or trackback to this entry

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