"Nokia has one of the most preeminent patent portfolios in the industry." said Grace Lei, General Counsel of HTC. "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."
Commenting on the news, Nokia's chief intellectual property officer Paul Melin said: "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."