stockmarket

Continental, Valeo seek EU antitrust action against Nokia


© Reuters. FILE PHOTO: Nokia logo is seen at the Mobile World Congress in Barcelona

By Foo Yun Chee

BRUSSELS (Reuters) – German car parts maker Continental and French rival Valeo (PA:) have joined Daimler and Bury Techologies to seek an EU antitrust investigation into Nokia’s patent licensing practices for cars, the Finnish tech company said on Wednesday.

Last month, German carmaker Daimler and Bury complained to the European Commission about Nokia’s patents essential to car communications. The complaint highlights ongoing disputes between tech companies and the car industry on royalties paid on technologies used in navigation systems, vehicle-to-vehicle communication and self-driving cars.

Nokia (HE:) was notified of the Bury, Continental and Valeo complaints at the same time that the Commission told the company of Daimler’s complaint, a Nokia spokesman said.

The EU competition enforcer confirmed Continental’s complaint and said it was assessing this as well as those from Daimler and Bury.

“The reason for this complaint is that we believe Nokia is not exercising fair practices regarding the licensing of their alleged standard essential patents,” Continental said in a statement.

Companies with key patents are expected to offer these on fair, reasonable and non-discriminatory terms.

Valeo confirmed filing an EU complaint on the basis of abuse of a dominant position by Nokia.

Nokia, which has a highly lucrative portfolio of patents inherited from the time when it was a leading mobile phone maker, said it had started talks with carmakers and their primary suppliers in 2015 on the use of its patents.

Disclaimer: Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. All CFDs (stocks, indexes, futures) and Forex prices are not provided by exchanges but rather by market makers, and so prices may not be accurate and may differ from the actual market price, meaning prices are indicative and not appropriate for trading purposes. Therefore Fusion Media doesn`t bear any responsibility for any trading losses you might incur as a result of using this data.

Fusion Media or anyone involved with Fusion Media will not accept any liability for loss or damage as a result of reliance on the information including data, quotes, charts and buy/sell signals contained within this website. Please be fully informed regarding the risks and costs associated with trading the financial markets, it is one of the riskiest investment forms possible.





READ SOURCE

Leave a Reply

This website uses cookies. By continuing to use this site, you accept our use of cookies.