UK Offers US Lower Digital Tax
The UK government offered significant tax cuts to US tech companies.
Nokia ended a patent dispute with Amazon covering using the vendor’s video technologies on streaming services and devices. This resolves litigation across three continents.
The Finnish vendor stated that the agreement's terms, including financial terms, remain confidential. In November 2023, Nokia filed suits in the US, India, the UK, Germany, and the European Unified Patent Court, arguing that Amazon used its video technologies portfolio without authorization.
In retaliation, Amazon accused Nokia of misusing its standard-essential patents by trying to block the use of its products instead of offering fair licenses and violating rules that impacted competition. However, Nokia was handed a favorable decision in February, with a court in Dusseldorf ruling that Amazon’s Prime Video service was violating patents owned by the vendor.
Arvin Patel, chief licensing officer of New Segments at Nokia, welcomed the agreement with Amazon, while the technology giant is yet to comment. According to Nokia, it has created almost 5,000 inventions that enable multimedia products and services, investing more than €150 billion in R&D since 2000, including €4.5 billion in 2024 alone. Nokia has been embroiled in patent rows with several companies, including HP, Lenovo, and Apple.