RIM's Patent Payment to Nokia Begins at $65 Million

Research In Motion will pay an initial payment of $65 million to Finnish mobile manufacturer Nokia as part of the two firms' patent royalty deal.

RIM had agreed to deliver a one-time payment to Nokia to settle the cases, which has now been revealed to be $65 million, with the payment being disclosed in the former's most recent 6-K filing to the U.S. Securities and Exchange Commission.

The Canadian firm will also offer Nokia "ongoing payments" for the right to use its patents related to WiFi technology found in BlackBerry handsets.

The new patent license agreement ends all patent litigation between the companies, which also saw Nokia dismissing all pending actions in the United States, United Kingdom, Canada and Germany.

RIM recently revealed its financial results for the third quarter, reporting a profit of $14 million, or 3 cents a share, which was predominately due to a favorable tax settlement. Revenue, however, decreased by nearly half to $2.72 billion, with the firm also seeing the number of BlackBerry consumers decreasing by a million.

It'll launch its forthcoming BlackBerry 10 operating system on January 30, which is the same date the firm will announce the first smartphones powered by the platform.

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