BlackBerry Set to Pay Nokia $137 Million Over Contract Dispute

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Today, BlackBerry accepted a decision that was made by the International Chamber of Commerce (ICC) that the company should pay Nokia $137 million because of a contract dispute. Nokia supposedly accused the smartphone maker of not being able to make payments on patent license contracts and referred the matter to the arbitration panel of the ICC. While BlackBerry submitted to the ruling of the ICC, the company confirmed that it is still serving two patent infringement cases against Nokia in German and US courts.

In a statement, Blackberry stated: “BlackBerry is disappointed that the Court of Arbitration did not agree with our arguments in the case, but we accept their decision. This ruling does not change BlackBerry’s assertion that Nokia is infringing on our intellectual property and we are continuing to vigorously pursue legal remedies in both the U.S. and Germany.”

The two companies are trying to bring their brands back into the consumer forefront. While BlackBerry started 2017 with effectively zero market share in smartphones, it has been licensing out its name to more products. Likewise, this year, HMD, a Finnish company, began producing Android phones under the name of Nokia, including a traditional ‘flagship’ device that was released back in September. To complete the nostalgia series, a few months ago, Nokia also re-released its 3310″ dumb phone” in a slim(mer) package.