Nokia grows on the back of LG ruling
 

Will get a one off payment

Nokia will start to book additional revenue from the current quarter after a ruling by an arbitration court on payments from South Korea’s LG Electronics (066570.KS) for using its smartphone patents.

The Finnish company said it would also get a one-off payment, although it did not disclose any of the sums involved. The companies had started the arbitration in 2015.

“We believe that this award confirms the quality of Nokia’s patent portfolio. We continue to see potential for additional licensing opportunities,” said Nokia Chief Legal Officer Maria Varsellona in a statement.

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