Nokia still on the hook for $650 million in Windows Phone license fees

Even though Windows Phone has shown little signs of momentum in recent months, that doesn’t mean Nokia (NOK) isn’t still obligated to pay Microsoft (MSFT) hundreds of millions of dollars in licensing fees. Per ZDNet, Nokia disclosed on Thursday that the fees it pays to Microsoft over the remainder of its licensing agreement will be €500 million — or roughly $650 million — more than the platform support payments that it’s slated to receive from Microsoft. The good news for Nokia is that the total platform support fees that it has either already received or is due to receive from Microsoft are still projected to exceed the licensing fees over the course of the entire deal, so Windows Phone won’t likely be a net money loser for the company.

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This article was originally published on BGR.com