BlackBerry Must Pay Nokia $137 Million

telecom - depositphotos

CBJ — Waterloo-based BlackBerry has been ordered to pay Nokia $137 million by an international court in a payment dispute. However, BlackBerry will continue to pursue a separate claim on the grounds of patent infringement.

The International Court of Arbitration ruled that Blackberry had failed to make certain payments to Nokia under a patent license contract. The dispute did not involve intellectual property claims.

BlackBerry, formerly known as Research in Motion, was the company that effectively brought smartphones to the international market, but was eventually overtaken by the likes of Apple iOS and Android systems. The company has since looked at reinventing itself by monetizing its intellectual property, which is a main focus of current CEO John Chen.

@CanBizJournal

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