Nokia-Samsung Patent Verdict Expected Within Days 1

Nokia-Samsung Patent Verdict Expected Within Days

February 8, 2016 PTdrivers 4

Home | Mobiles | Mobiles News Nokia-Samsung Patent Verdict Expected Within Days Reuters , 1 February 2016 Nokia and Samsung are expected to settle their two-year patent dispute within days, with analysts forecasting a one-time payment of hundreds of millions of euros for the Finnish company.
Nokia entered into a binding arbitration with South Korea's Samsung in 2013 to settle additional compensations for a five-year period starting from early 2014.
The International Chamber of Commerce's arbitration court is due to make its ruling on the issue imminently.
Nordea analyst Sami Sarkamies, one of few analysts to give a precise estimate, said the verdict could boost Nokia's operating profit by about EUR 700 million ($758 million or roughly Rs. 5,138 crores) this year, forecasting the court will stipulate an annual patent fee of EUR 300 million.
“Samsung has been paying Nokia probably 100 million per year, and the rate could now come up to around EUR 300 million (per year). Th..