Nokia (4, -0.05, -1.23%) and China Lenovo (27.84, -0.06, -0.22%) said on Wednesday that the two companies had reached a settlement over the patent dispute over the years and resolved all pending legal proceedings.
Nokia said Lenovo would pay Nokia a net difference, despite the confidentiality of the exchange authorization agreement. A Nokia spokesman declined to disclose financial details.
Nokia filed a legal lawsuit against Lenovo in 2019, accusing it of infringing 20 video compression technology patents, and in addition to six in Germany, in the United States, Brazil and India.
Lenovo also filed a lawsuit against Nokia in California courts.