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Nokia Patent Sales Forecast From Samsung Deal Hits Shares


Ron Burgundy
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The Nokia headquarters is seen in EspooBy Jussi Rosendahl HELSINKI (Reuters) - Nokia 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. The patent business is set to become a smaller part of Nokia after its proposed 15.6 billion euro takeover of French network gear rival Alcatel-Lucent , whose shares fell by 11 percent following news of the Samsung patent deal.




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