Finland's Nokia has settled a patent dispute with South Korea's Samsung which it says will boost its patent sales by hundreds of millions of euros.
Nokia sold its once-dominant phone business to Microsoft in 2014, leaving it focused on telecoms network equipment while retaining a large portfolio of handset patents.
Nokia said the Samsung settlement would lift sales at its patent unit Nokia Technologies to around €1.02 billion in 2015, including catch-up payments from the past two years, from €578m in 2014.
The annualised run-rate for the patent unit is now about €800m, Nokia added.
Analysts on average had expected 2016 sales of about €900m for the unit.
Nokia and Samsung entered into a binding arbitration in 2013 to settle additional compensations for Nokia's phone patents for a five-year period starting from early 2014.
Nokia added it expects to receive at least €1.3 billion of cash during 2016-2018 related to its settled and ongoing arbitrations, including the Samsung award.
Nokia currently has a similar dispute with LG Electronics.
Nokia's patent unit is expected to grow further in the coming years as it will soon start talks over a new contract with Apple.
But the company's patent sales still trail those of its main rival, Sweden's Ericsson.
The patent business will become a smaller part of Nokia after its proposed €15.6 billion takeover of French network gear rival Alcatel-Lucent - expected to close this quarter.
