Following Licensing Agreement, RIM Hands Over $65 Million to Nokia

by Brandon Russell | December 28, 2012

BlackBerry P9981 vs Bold 9900 Screens

Details of the patent licensing agreement between RIM and Nokia have begun to emerge, and it looks like RIM’s pockets will be a little light heading into the new year. According to an SEC filing that was filed when the Waterloo-based company agreed to pony up a one-off fee, it was somewhere in the $65 million region. And there are still more payments to come.

It’s unclear how much later installments will cost RIM, but some quips about the agreement suggests somewhere in the $2-$5 per handset range. That’s a pretty hefty annual sum for a company whose shares dipped in Q3, but at least keeps the two companies out of the courtroom, which is a nice change of pace compared to all the other ongoing lawsuits around the world.

AllThingsD


Brandon Russell

Brandon Russell enjoys writing about technology and entertainment. When he's not watching Back to the Future, you can find him on a hike or watching...