Flags with the Nokia logo flutter at company's headquarters in Espoo, Finland, May 5, 2017. REUTERS/Ints Kalnins/Files
HELSINKI: Nokia will start to book additional revenue from the current quarter after a ruling by an arbitration court on payments from South Korea's LG Electronics for using its smartphone patents.
The Finnish company said it would also get a one-off payment, although it did not disclose any of the sums involved. The companies had started the arbitration in 2015.
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