HTC and Nokia settle differences

Taiwanese smartphone maker, HTC and Finnish company Nokia have come to an agreement, ending a patent dispute and entering into a patent and technology collaboration agreement.The dispute first began in 2012.Although payment details have not been disclosed, HTC in a press statement said that it will make payments to Nokia. The terms of the agreement also sees the two collaborate on HTC’s LTE patent portfolio and further strengthen Nokia’s licensing offering.The companies will also explore future technology collaboration opportunities.“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. This agreement validates Nokia’s implementation patents and enables us to focus on further licensing opportunities,” Paul Melin, chief intellectual property officer at Nokia said.“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.