Nokia and RIM reach patent settlement

Nokia and Research In Motion have come to an agreement over a patent licensing deal, compelling the Scandinavian firm to end its litigation against the BlackBerry producer.

The new agreement will see an initial fourth-quarter payment from RIM, which will be followed by ongoing payments granting the struggling smartphone designer permission to place Nokia’s proprietary WLAN technologies in its products.

The Finnish phone manufacturer has incurred an R&D spend of an estimated £36.6 billion over the last two decades, resulting in a broadcast IPR portfolio of 10,000 patent families.

"We are very pleased to have resolved our patent licensing issues with RIM and reached this new agreement, while maintaining Nokia's ability to protect our unique product differentiation," said Paul Melin, chief intellectual property officer at Nokia.

"This agreement demonstrates Nokia's industry leading patent portfolio and enables us to focus on further licensing opportunities in the mobile communications market," he added.

The announcement comes just days after RIM issued invites to the upcoming launch of its long-awaited BlackBerry 10 platform, a release that will be integral to RIM's continued survival.