Nokia puts stress on patent income

Nokia is to receive an up-front payment and royalties from RIM  for use of its wireless technology patents, according to Reuters. RIM has renewed the patent licensing agreement it already had with Nokia, but didn't say how big the payments were.

GSM, WCDMA and CDMA2000 patents are covered by the agreement.

'Today's announcement demonstrates the success of Nokia's increased focus on patent out-licensing,' commented Ilkka Rahnasto, Nokia's Vice President in charge of intellectual property rights, quoted by Reuters.

In September Nokia signed a similar deal with China's Huawei  and earlier this year Nokia settled a long patent battle with mobile chipmaker Qualcomm, agreeing on a 15-year deal which included a one-time payment of €1.7 billion (US$2.2 billion) to Qualcomm.