Nokia says working to end patent licensing dispute with Daimler, others


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Nokia says working to end patent licensing dispute with Daimler, others

Late on Friday, the 29th of November 2019, the Finnish multinational telecommunication and information technology company, founded back in the 1865 as a pulp mill by a Finish Swedish mining engineer, Fredrik Idestam, and headquartered in Espoo, Helsinki, had issued a public statement saying that the Finnish multinational tech conglomerate was looking to end a protracted patent licence dispute with Stuttgart-based German carmaker Daimler AG alongside other companies who had complained to the European Union about the extent of charges for tech patents from the Finish company.

On top of that, a source familiar with the subject-matter said on Saturday (November 30th) on Condition of anonymity that the Finnish telecom conglomerate had already submitted a proposal to the EU anti-trust regulators in a bid to resolve the dispute on patent licencing fees, nonetheless, the source had declined to offer further details considering the sensitivity of the issue.

Aside from that, Latest pre-emptive Nokia move to counter a possible EU probe on whether the Finnish company had been abusing its power to control patent licensing fees comes over the heels of a media headline that broke in to the light back in the October saying the EU Commission was contemplating a probe on Nokia’s position aimed at determining the telecom conglomerate’s stance on a raft of patent license rows with Mercedes-Benz maker Daimler AG alongside other smaller tech companies in Europe.