Log in
Forgot password ?
Become a member for free
Sign up
Sign up
New member
Sign up for FREE
New customer
Discover our services
Dynamic quotes 

MarketScreener Homepage  >  News  >  Companies  >  All News

News : Companies
Latest NewsCompaniesMarketsEconomy & ForexCommoditiesInterest RatesBusiness LeadersFinance Pro.CalendarSectors

EU antitrust watchdogs quiz Daimler, others on failed Nokia fee talks

share with twitter share with LinkedIn share with facebook
share via e-mail
03/31/2020 | 01:20pm EDT
The Daimler logo is seen before the Daimler annual shareholder meeting in Berlin

European Union antitrust regulators have asked Daimler, Continental and other car parts makers for details of failed mediation talks with Nokia in a patent licensing fee dispute.

Daimler, Continental, Bury Technologies, Valeo and Thales Gemalto complained to the European Commission last year about the fees Finland's Nokia was demanding for patents related to car communications.

The row highlights a wider battle between tech companies and the car sector over royalties for technologies key to navigation systems, vehicle communications and self-driving cars.

Europe wants to protect its technological sovereignty as Nokia and Ericsson are regarded as leading forces in the development of such technologies, while others say this should not be at the expense of other sectors such as autos.

Nokia initiated mediation with the companies, which sources said ended earlier this month without agreement. EU competition enforcers now want to know what happened, the people said.

Daimler, which owns the Mercedes-Benz luxury car brand, said the European Commission had sent a request for information.

The German company said it has a different legal opinion on how key patents should be licensed to the auto industry.

"Nokia so far refused to comprehensively and directly licence our suppliers," Daimler said.

"Fair and non-discriminatory access to these standards for all users of the essential patents for telecommunications standards is a key prerequisite for the development of new products and services for connected driving."

The Commission declined comment, beyond saying that its investigation was ongoing.

Nokia said in an emailed statement that it has made fair licensing offers to automakers, tier-1 suppliers and through a collective licensing pool.

"Nokia has made several fair settlement offers ... but unfortunately those offers have been rejected," it added.

Continental, which is seeking a direct licence for Nokia's essential patents for 3G and 4G, said it would pursue its antitrust complaint against the telecoms equipment maker.

By Foo Yun Chee

Stocks mentioned in the article
ChangeLast1st jan.
CONTINENTAL AG -4.49% 88.44 Delayed Quote.-23.27%
ERICSSON AB -0.35% 85.64 Delayed Quote.5.00%
NOKIA OYJ -0.38% 3.5655 Delayed Quote.8.18%
THALES -3.13% 68.78 Real-time Quote.-25.66%
VALEO 1.61% 22.15 Real-time Quote.-29.48%
share with twitter share with LinkedIn share with facebook
share via e-mail
Latest news "Companies"
05:36pRetailers and Restaurants Hit in George Floyd Protests, Adding to Coronavirus Damage
05:26pTAIWAN SEMICONDUCTOR MANUFACTURING : Semiconductor Industry to Lobby for Billions to Boost U.S. Manufacturing
05:11pTHRACE PLASTICS AND COMMERCIAL S A : Release Date of Q1 2020 Financial Results
05:01pGrapheneCA's Breakthrough Antimicrobial Coatings Passes Primary Independent Test
05:00pIGEA PHARMA N : disclosed its Annual Report 2019
04:43pRetailers and Restaurants Hit in George Floyd Protests, Adding to Coronavirus Damage
04:42pBMW : German ministry proposes ?5 billion car bonus scheme - sources
04:14pROKMASTER RESOURCES : Announces Extension of Filing Deadline for Its First Quarter Financial Statements and MD&A
04:02pBIOMARIN PHARMACEUTICAL : Provides Highlights of 4 Years of Clinical Data from Ongoing Phase 1/2 Study of Valoctocogene Roxaparvovec Gene Therapy for Severe Hemophilia A
03:52pRetailers and Restaurants Hit in George Floyd Protests, Adding to Coronavirus Damage
Latest news "Companies"