Ericsson to pay 80 million euros after settling damages claim with Nokia

Telecoms gear maker Ericsson (ERICb.ST) has reached an agreement with Finland's Nokia to pay a settlement of 80 million euros ($97.0 million), it said on Wednesday. Ericsson said the settlement would impact operating profit (EBIT) by 80 million euros and cashflow by 26 million euros in the second quarter. "The...