All patent litigation between Nokia and HTC dismissed, both signed a patent and technology collaboration agreement

Nokia and HTC have announced that both companies settled all pending patent litigation between them, and entered into a patent and technology collaboration agreement. HTC will pay all the royalties to Nokia to end the dispute, bringing an end to the long patent war. HTC will make payments to Nokia and the collaboration will involve HTC's LTE patent portfolio, further strengthening Nokia's licensing offering. The companies will also explore future technology collaboration opportunities. The full terms of the agreement are confidential and will not be released.

"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."