The Traderszone Network

Published in TZ Latest News 1 February, 2016 by The TZ Newswire Staff

Nokia patent sales forecast from Samsung deal hits shares

Nokia (NOKIA.HE) said it had settled a lengthy patent dispute with South Korea’s Samsung on Monday, but investors were disappointed by the financial terms of the deal. Nokia’s shares fell more than 10 percent after the Finnish firm said the Samsung deal would lift patent unit Nokia Technologies’ sales to around 1.02 billion euros ($1.1 billion) in 2015, from 578 million euros in 2014.

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