A PYMNTS Company

South Korea: Qualcomm ordered to pay Blackberry back $814mn for royalties

 |  April 12, 2017

Qualcomm said on Wednesday that it has been ordered to pay the smartphone maker BlackBerry $814.9 million in an arbitration dispute over patent royalties.

The San Diego wireless giant said the payment was ordered after both companies entered binding arbitration in a contract disagreement over Qualcomm’s royalty caps.

Qualcomm has already been fined more than $850 million by South Korea’s anti-monopoly regulator, which is also demanding changes in the way the company licenses patents. Qualcomm has appealed to the Seoul High Court.

The US Federal Trade Commission and Apple also have sued Qualcomm over patent licenses. Both cases are pending. Investigations are under way in Taiwan and elsewhere.

Full Content: San Diego Union Tribune

Want more news? Subscribe to CPI’s free daily newsletter for more headlines and updates on antitrust developments around the world.