Nokia buries the hatchet with Samsung

5442919397_645c8efbbf_bNokia has buried the hatchet with Samsung and smoked the peace pipe over a long running patent dispute.

The deal was hammered out in arbitration verdict and will boost Nokia’s patent sales by “hundreds of millions of euros.”

Nokia said the settlement would lift sales at its patent unit Nokia Technologies to around $1.1 billion in 2015.

Nokia added it expects to receive at least $1.3 billion cash during 2016-2018 related to its settled and ongoing arbitrations, including the Samsung award. Nokia has a similar dispute with LG Electronics.

All this leaves Nokia free to start plotting its comeback after suffering so badly it had to flog its smartphone business to Microsoft.