1015 GMT - Finland's Nokia welcomes the European Commission's intention to withdraw a hotly-debated plan to regulate royalty payouts for standardized technologies used in smartphones and connected cars, the company says in a statement. "We share the Commission's goals for more transparent and efficient licensing" of so-called standard essential patents, a spokesperson says, adding that the commission's first stab at drafting the rules was flawed. "It would have had an adverse impact on the global innovation ecosystem," they say. They add that it would have reduced incentives for Europe's high-tech companies to invest in developing new standards for technologies like 6G. "The Commission's willingness to rethink its approach on this important topic is a positive step," they say.(edith.hancock@wsj.com)
(END) Dow Jones Newswires
February 12, 2025 05:15 ET (10:15 GMT)
Copyright (c) 2025 Dow Jones & Company, Inc.
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.