Stockholm - Nokia shares fell the most since August after investors were disappointed by a court decision in a patent dispute with Samsung Electronics.
The shares dropped as much as 11 percent and were down 9.3 percent at 5.99 euros as of 10.27am in Helsinki.
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An arbitration court of the International Chamber of Commerce settled the amount of additional compensation Samsung needs to pay to Nokia, the Finnish company said on Monday in a statement, without providing exact financial details.
The ruling could lead to annual revenue of as much as 200 million euros ($217 million) from Samsung, Sebastien Sztabowicz, an analyst at Kepler Cheuvreux, said in a note to clients. That’s less than the as much as 250 million euros he had estimated.
Nokia said its patent-licensing business now has a annual revenue run rate of about 800 million euros.
Nokia’s technologies division, which licenses its patents, had fourth-quarter sales of about 400 million euros and full-year 2015 sales of about 1.02 billion euros, it said.
BLOOMBERG