Swedish Market Economy

Tuesday, February 2, 2016

Nokia shares fall after patentdom – Swedish Dagbladet

Photo: Vesa Moilanen / TT

But despite the additional sales Nokia’s shares plummeted by over 10 percent on the Helsinki Stock Exchange after the announcement. Investors in the stock market had anticipated a better financial terms of the deal for Nokia.

Patents sales in 2015 raised, including as a result of the settlement, to 1.02 billion euros (about 9.5 billion). That compares with 578 million euros a year earlier.

The lifting of last year includes retroactive patent revenues for 2014.

On an annual basis the patent sales come to about 800 million, according to Nokia.

After Samsung is now waiting for similar agreements with other mobile phone manufacturers, such as LG Electronics and Apple.

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Cecil at 1:28 AM
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