Qualcomm: Nokia to pay $2.5B in royalties dispute

Wireless semiconductor company Qualcomm Inc. will get an upfront payment of $2.5 billion from Nokia Corp. in a settlement of a royalties dispute, a spokeswoman said Friday.

The spokeswoman, Bertha Agia, declined to elaborate on the agreement, which was struck in July and calls for Nokia to make an upfront payment and ongoing royalties.

Nokia, the world's largest handset maker, said Thursday that the upfront payment was $2.28 billion.

Messages left with both companies seeking an explanation of the discrepancy were not immediately returned Friday night.

The 15-year licensing deal gives Nokia rights to a wide portfolio of San Diego-based Qualcomm's patents. The two sides agreed to drop all legal complaints against each other in the U.S., Europe and Asia.

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