Nokia ( NOK ) American depository shares were 6% higher in recent pre-market trade after the company said it has reached a deal with Apple ( AAPL ) to settle all litigation related to their intellectual property dispute and agreed on a multi-year patent license.

The details of the agreement were not disclosed, but Nokia said it will receive an up-front cash payment from Apple, with additional revenues during the term of the agreement. The value of the deal will be reflected partially as patent licensing net sales in Nokia Technologies and partially as net sales in other Nokia business groups.

NOK was at $6.59 recently, the highest level since January 2016, if it holds into regular trading. The current 52-week range is between $4.04 and $6.31.

Under the deal, Nokia will provide certain network infrastructure products and services to Apple, which in turn will resume carrying Nokia digital health products (formerly under the Withings brand) in Apple retail and online stores,. The companies are also exploring future collaboration in digital health initiatives.

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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.