Japanese telecom gaint Softbank recorded a loss of $350 million for last nine months of 2016 in the fair value of the Company’s investments in India. The loss comes on top of a $555 million writedown on the value of Softbank’s India portfolio in the six-month period ending September 2016. “With reference to the current markdown, portfolio…
Nokia and HTC have settled all pending patent litigation between them, and entered into a patent and technology collaboration agreement.
A release by HTC said that 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.
“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,” Paul Melin, chief intellectual property officer at Nokia said, adding that this agreement validates Nokia’s implementation patents and enable them to focus on further licensing opportunities.
“Nokia has one of the most pre-eminent patent portfolios in the industry. 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,” Grace Lei, General Counsel of HTC said .