$65 Million payment by RIM to Nokia as part of Patent Dispute Settlement?

As previously reported, Nokia has settled their patent dispute with RIM, though precise details are still unknown and ‘confidential’ according to the press release.

The financial structure of the agreement includes a one-time payment and on-going payments, all from RIM to Nokia.

A document from RIM suggests that the one time payment may be about $65 Million which NokiaPowerUser speculates might be a yearly payment to Nokia.

In millions of United States dollars, except share and per share data, and except as otherwise indicated

 

On December 21, 2012, Nokia and RIM announced that they have entered into a new patent license agreement. The agreement will result in the settlement of all patent litigation between the companies and Nokia’s dismissal of all pending actions in the United States, United Kingdom, Canada and Germany. The financial structure of the agreement includes a lump sum €50 million (approximately $65 million) one-time payment, which has been recorded in the Company’s consolidated statement of operations in the third quarter of fiscal 2013.

http://google.brand.edgar-online.com/displayfilinginfo.aspx?FilingID=8981141-828-383230&type=sect&TabIndex=2&companyid=4839&ppu=%252fdefault.aspx%253fcompanyid%253d4839

Source:

VIA WMPU via: Nokiapoweruser

Cheers Viipottaja for the tip!

Category: Lumia, Nokia