Nokia, Qualcomm settle long-running dispute

SAN DIEGO, California (AP) -- Nokia and Qualcomm have agreed to settle a high-stakes licensing dispute and end a bitter legal battle that has lasted nearly three years and spanned three continents.

The wireless industry heavyweights said Wednesday the 15-year licensing deal gives Nokia rights to a wide portfolio of Qualcomm's patents. Nokia will pay Qualcomm an upfront sum and ongoing royalties.

Nokia, the world's largest handset maker, said it will withdraw its antitrust complaint against Qualcomm at the European Commission.

Nokia filed the complaint in October 2005 with five other companies, which led to a flurry of lawsuits between Qualcomm and its rivals and several regulatory probes into Qualcomm's licensing practices.

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