BlackBerry Will Pay Nokia $137 Million Over Contract Dispute

BlackBerry Will Pay Nokia $137 Million Over Contract Dispute

BlackBerry Will Pay Nokia 137 Million Over Contract Dispute

The International Chamber of Commerce (ICC) has order the smartphone maker Blackberry Ltd to pay Nokia $137 million over a contract dispute. Nokia accused Blackberry of failing to make payments on patent license contracts and brought the matter to the ICC’s arbitration panel. Although Blackberry agreed to this ruling, the company confirmed that it is still bringing two patent infringement cases against Nokia in US and German Courts.

“BlackBerry is disappointed that the Court of Arbitration did not agree with our arguments in the case, but we accept their decision,” BlackBerry said in a statement. “This ruling does not change BlackBerry’s assertion that Nokia is infringing on our intellectual property, and we are continuing to vigorously pursue legal remedies in both the U.S. and Germany.”

The dispute did not include any charges of IP infringement, and BlackBerry disclosed in February that it would continue to look for more patent infringement claims against Nokia, claiming that several of the Finnish network equipment maker’s base stations and related software infringed on 11 of its patents. However, Nokia claims that BlackBerry’s allegations of patent infringement are without any credibility. Blackberry stated that it would take a GAAP charge on its results, but did not say when the ruling would hit its financials.

Nokia claimed that they have already received a significant portion of the amount awarded to them from BlackBerry.

Both Nokia and BlackBerry are attempting to bring their brands back to the consumer front. At the start of the year, BlackBerry had effectively zero market share in smartphones, as the company has been licensing out its name to more products.

Nokia sold its once-prevailing phone business in 2014. However, the company continued with its network equipment business and broad patent portfolio. Nokia has licensed their technology to smartphone makers Samsung Electronics, Apple, Xiaomi Technology and LG Electronics. Similarly, Finnish company HMD started producing Android phones under the name of Nokia.

“Nokia continues to believe that BlackBerry’s unrelated claims of patent infringement by Nokia are without merit,” the Finnish company said in a statement.

Earlier this year BlackBerry won a $940 million payout from Qualcomm Inc in a related case of disputed payments.

Tanuja Thombre
Tanuja Thombre
A Soft Skills and Behavior Trainer by passion and profession, with 8 years of experience into Mortgage Banking sector. Currently I am working as a Training Consultant and I cater to the training needs across various industries. This also allows me to interact with, train and learn various aspects of human modes. Adorned with certifications from various institutes like Dale Carnegie & Steven Covey. I have a natural instinct for writing; every once a while, a Blog, a short article and in the future I plan to author a Book. When it comes to writing, I believe there is seldom anything as appealing as Simplicity.

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