RIM and Nokia renew patent license agreement (BlackBerry Bytes)

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Nokia LogoNokia and RIM have announced the renewal of a multi-year patent license agreement, covering the worldwide use of standards essential patents for GSM, WCDMA and CDMA2000 technologies.

‘Today’s announcement demonstrates the success of Nokia’s increased focus on patent out-licensing’ said Ilkka Rahnasto, Vice President, Intellectual Property Rights, Nokia. ‘This agreement confirms Nokia’s leading role in developing key technologies and the value of our patent assets’.

Financial terms were not disclosed but consist of an up-front payment and on-going royalties payable to Nokia. You can read the full press release at the link below.

Nokia/RIM patent agreement

|via MobileSyrup|