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Nokia Wins Apple Patent-License Deal Cash, Settles Lawsuits

Nokia Oyj won an almost two-year patent dispute with Apple Inc., in a settlement that awards a one-time payment and royalties to the Finnish handset maker.

Nokia rose as much as 4.1 percent in Helsinki trading. The agreement will bolster the Devices & Services unit’s second-quarter profitability, Espoo, Finland-based Nokia said in a statement today. The details of the contract, under which Apple will pay an undisclosed sum and royalties for the term of the agreement, are confidential, Nokia said.