Last Updated: Tuesday, June 16, 2015, 18:48
Nokia said on Tuesday that South Korea`s LG Electronics has agreed a deal to use the Finnish company`s smartphone patent license but royalty payments will be settled in a lengthy arbitration process.
Last Updated: Tuesday, June 16, 2015, 17:16
The detailed royalty payment obligations will be subject to commercial arbitration and is expected to conclude within a 1-2 year timeframe. Other terms of the agreement remain confidential.
Last Updated: Tuesday, June 16, 2015, 15:37
"We are pleased to welcome LG Electronics to our licensing program," Nokia Technologies President Ramzi Haidamus said in a statement.
Last Updated: Sunday, June 14, 2015, 12:00
He further said: "Our three products -- mosquito-away technology product, inverter and 5 star ACs -- contribute 65 per cent to the total sales."
Last Updated: Tuesday, June 2, 2015, 10:23
The company has started teasing the product on its website stating that the first few customers might get chance to recieve the phone from bollywood star Amitabh Bachchan.
Last Updated: Monday, May 18, 2015, 10:36
All three manufacturing giants operate plants in India where they enjoy sizeable shares of the vast consumer market for cars, smartphones and home appliances.
Last Updated: Saturday, May 2, 2015, 20:27
LG has launched its new smartphone --LG G Flex2 -- in the Indian market. The curved display smartphone is priced at Rs 54,990, and was first globally introduced at CES 2015.
Last Updated: Wednesday, April 29, 2015, 12:49
Net profit for January-March was 38.4 billion won ($35.9 million), the group said in a statement.
Last Updated: Thursday, April 23, 2015, 14:20
The European Court of Justice upheld on Thursday a 210 million euro ($224.8 million) fine imposed on South Korea`s LG Display for participating in a cartel of LCD panel makers between 2001 and 2006.
Last Updated: Tuesday, March 31, 2015, 12:27
A recent series of feuds between the two giants even saw one senior LG executive indicted by prosecutors for allegedly sabotaging Samsung`s washing machines at a trade fair in Germany last year.
Last Updated: Sunday, March 22, 2015, 10:47
South Korean consumer electronics major LG is targeting Rs 5,000 crore revenue from the built-in kitchen appliances category in India in the next 8-10 years.
Last Updated: Friday, March 20, 2015, 00:40
Leading electronics company, LG Electronics India has launched the world's first and India's largest 105 5K TV (105UC9T) at the LG India Tech Show 2015.
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