Nokia, Apple settle legal conflicts


Apple and Nokia:

Under a business collaboration agreement, Nokia will be providing certain network infrastructure product and services to Apple. Apple will resume carrying Nokia digital health products (formerly under the Withings brand) in Apple retail and online stores, and Apple and Nokia are exploring future collaboration in digital health initiatives. Regular summits between top Nokia and Apple executives will ensure that the relationship works effectively and to the benefit of both parties and their customers.

The deal involves an up-front cash payment and on-going revenues.

It kind of interesting that CEOs are not quoted in the release. Apple's COO Jeff Williams is representing Apple wile Nokia's Chief Legal Officer has its main quote.