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Nokia reportedly makes Indian tax offer; EU issues patent warning

  • Reuters reports Nokia (NOK +3%) has offered to pay the Indian government €270M ($369M) to unfreeze assets (including a Chennai plant) caught up in a tax dispute.
  • Nokia threatened to pull out of India earlier this year due to frustration over its tax squabble. The government made a settlement offer in July.
  • Meanwhile, EU antitrust chief Joaquin Almunia is warning Nokia not to misuse its giant patent portfolio in the wake of the Microsoft deal. A number of analysts and investors have argued the deal opens the door for Nokia to become more aggressive in monetizing its IP.
  • Almunia: "If Nokia were to take illegal advantage of its patents in the future, we will open an antitrust case - but I sincerely hope we will not have to." The EU has already taken a harsh view of the use of standards-essential mobile patents (some, though not all, of Nokia's patents fall under this label) in legal disputes.
Comments (19)
  • vk007
    , contributor
    Comments (40) | Send Message
     
    Almunia is an ***hole. He really doesn't support European companies what he is supposed to do. Who's paying him?
    9 Dec 2013, 11:06 AM Reply Like
  • Doug Dallam
    , contributor
    Comments (7045) | Send Message
     
    He didn't say anything. He's just saying that to look even handed. Nokia has no plans to ever gouge for necessary patents. That would be ludicrous.

     

    "The EU has already taken a harsh view of the use of standards-essential mobile patents (some, though not all, of Nokia's patents fall under this label). . . ." In fact, about 10% and they are already monetized.
    9 Dec 2013, 03:28 PM Reply Like
  • Timothy Bryan
    , contributor
    Comments (724) | Send Message
     
    idiot french socialist ...
    9 Dec 2013, 11:47 AM Reply Like
  • Doug Dallam
    , contributor
    Comments (7045) | Send Message
     
    Dia

     

    There have to be those types of regulations or the first company to invent "necessary" technology would eventually completely take over the entire world. Read the word "necessary."

     

    It's a little like MS saying that they couldn't provide any competing browsers, or anything else, in their OS's because the system was closed. In other words, they can use the MS OS, which is a necessary technology for business, and use that as a MS advertising platform, excluding everyone else.

     

    Those are the types of regulations that help competition, not hinder it.
    9 Dec 2013, 03:32 PM Reply Like
  • Seppo Sahrakorpi
    , contributor
    Comments (1889) | Send Message
     
    ...Considering patent law more generally, "I believe that injunctions should not be available when there is a willing licensee," he [Alumnia] added....

     

    http://bit.ly/1hHYRaK

     

    Well, the whole point is that Nokia has legit tech and patents that these Samsung and gang are not willing to license properly, and or are stealing outright (hello HTC), so Nokia is forced to go to the courts...
    9 Dec 2013, 12:11 PM Reply Like
  • Doug Dallam
    , contributor
    Comments (7045) | Send Message
     
    Seppo,

     

    For other than necessary technology, which they already have monetized, I believe. I have no idea why he said anything about Nokia. Have they ever been illegal in their patents?
    9 Dec 2013, 03:34 PM Reply Like
  • Timothy Bryan
    , contributor
    Comments (724) | Send Message
     
    dwd,
    never before has Nokia done anything wrong, which is what makes this preemptive babble by this idiot even more asinine...
    9 Dec 2013, 07:12 PM Reply Like
  • sidiji
    , contributor
    Comments (153) | Send Message
     
    exactly, they've freely licensed out their SEP to any and everyone, and now they will very much like to license out their non-SEP as well to any and everyone...especially Samsung, as per JPM "if they can get 1% per phone out of Samsung for each unit sold, stock can easily go to 15 euro."
    9 Dec 2013, 11:28 PM Reply Like
  • JMajoris
    , contributor
    Comments (776) | Send Message
     
    Great news for NOK owners! Let him issue all the warnings that he wants. NOK will do what is legal, get what is rightfully ours, and we'll all reap the rewards ;-)
    9 Dec 2013, 12:12 PM Reply Like
  • jb8967
    , contributor
    Comments (439) | Send Message
     
    Exactly. Nokia is the inventor of this IP...not some fly by night patent troll for Pete's sake. These politicians are nothing more than desperate proxies for the entities that really fear when Nokia takes the gloves off...SAMSUNG being one of those likely candidates.
    24 May, 09:58 AM Reply Like
  • joshvegas
    , contributor
    Comments (312) | Send Message
     
    Why such attitude towards Nokia? Are there any other significant EU companies which make mobile devices and could be the 'victims'? If not then EU must help not interfere.
    9 Dec 2013, 12:23 PM Reply Like
  • jjmc2001
    , contributor
    Comments (1273) | Send Message
     
    First of all I think the NOK offer should be viewed as a deposit to allow transfer of the physical assets in India as part of the MSFT deal. It is not a "payment".
    Regarding patents keep in mind the source of this comment is a Socialist. I guess NOK should just give their patents always for the common good of the French. Politics run amok (again) in Europe.
    9 Dec 2013, 12:30 PM Reply Like
  • jb8967
    , contributor
    Comments (439) | Send Message
     
    I doubt his politics have anything to do with this. Looks more like a proxy for some other corporate heavy hitter.
    24 May, 02:58 PM Reply Like
  • HansKristian
    , contributor
    Comments (59) | Send Message
     
    If Nokia own the patents they have a rigth to monetize on them. If not, the whole World will collapse. Think about it. This is wind in the air.
    9 Dec 2013, 12:43 PM Reply Like
  • Doug Dallam
    , contributor
    Comments (7045) | Send Message
     
    Hans,

     

    Very simplistic and wrong position on your part. Please read the word "necessary." Imagine if "necessary" technology patents were legally able to be kept from anyone using them (Xrays, Atomic fission, etc)? Just because a company is the first to find a tech doesn't mean it should be able to hold the world hostage with a first come first served system. If that were the case, there wouldn't be an Apple, since Apple runs on a Unix kernal. In fact, our tech advances would crawl along instead of jump forward.

     

    IP is important to protect, but necessary tech must be shared fairly. Nokia makes a lot of money on monetizing "necessary" technology.
    9 Dec 2013, 04:36 PM Reply Like
  • HansKristian
    , contributor
    Comments (59) | Send Message
     
    What about medicine patents? People are daying on a Daily basis because patent rights are preventing countrys to produce cheep affordable medicin. Why would mobile phones be an exception? And what about Viagra and cialis, ten dollars a pop! Outrageous. Think abot all the poor suckers who needs them but cant afford them. Why don´t the french "antitrust" guy do anything about that?
    10 Dec 2013, 11:49 AM Reply Like
  • nikomas
    , contributor
    Comments (26) | Send Message
     
    not spanish??????
    9 Dec 2013, 02:43 PM Reply Like
  • HansKristian
    , contributor
    Comments (59) | Send Message
     
    All of a sudden it became clear to me. The Frecnch "antitrustchief" Joaquin Almuniais is trying to weak the competition to Alcatel Luzon. Hurting Nokia is his priority. Make no mistake, this is politics French protectionist style.
    10 Dec 2013, 10:48 AM Reply Like
  • wrscomncents
    , contributor
    Comments (648) | Send Message
     
    The problem with these guys is they hurt their own companies also. The French governments recent decision to get directly involved with mergers and acquisitions is part of the reason for Alcatel Lucents stock lagging recently. They like to micro manage, the consequences are secondary.

     

    http://bit.ly/RI5oI6
    21 May, 10:41 AM Reply Like
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