Nokia signs licence deal with Trimble |
The world's top handset maker Nokia unveiled a patent-licensing deal with navigation technology firm Trimble Navigation on Monday.
Finnish-based Nokia said it will receive exclusive rights to use Trimble's patents in wireless consumer products and services and can also sublicense rights to the Trimble patents to others.
The online edition of the Wall Street Journal had flagged the deal earlier on Monday.
The companies did not disclose the financial terms of the agreement, but said it would not be material to either firm's revenue or income.
Trimble, based in Sunnyvale, California, has more than 700 patents in technology that pinpoints users' locations, typically by communicating with positioning satellites or by measuring distances from cellphone towers.