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Nokia sees Microsoft support payments higher than royalties
2013-03-07 16:55:00| Telecompaper Headlines
(Telecompaper) Nokia announced that it expects to receive more in support payments from Microsoft this year than it pays the software company for licensing its Windows Phone operating system. Nokia provided more details on the terms of the long-term cooperation in its SEC filing on 2012 results. The Finnish company said the support payments, which amounted to USD 250 million per quarter last year, will "slightly exceed" the minimum software royalties it pays Microsoft in 2013. Over the life of the contract, the reverse is true. Nokia said royalties are expected to exceed support payments by around EUR 500 million over the remaining life of the contract. In its SEC filing, Nokia also reiterated its longer-term financial targets. For its Devices & Services business, Nokia targets net sales to grow faster than the market and an adjusted operating margin of 10 percent or more. Longer-term, Nokia Siemens Networks continues to target an adjusted operating margin of 5-10 percent.
Tags: support
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Category:Telecommunications
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