Nokia and Apple settle patent dispute

Nokia and Apple have agreed a technology licensing agreement that ends the long-running legal dispute between the two firms.

"The agreement will result in settlement of all patent litigation between the companies," Nokia said.

Nokia sued Apple for patent infringements in 2009 and extended the action in December last year.

Apple had countersued, accusing Nokia of infringing its patents.

Nokia said Apple had agreed a one-off payment, the value of which was not disclosed, and ongoing royalties to use its technologies.