Nokia Oyj won a two-year patent conflict with Apple Inc., in a settlement that awards a one-time payment along with royalties to the Finnish handset maker.

The two mobile-phone makers have been in litigation since October 2009, when Nokia filed a lawsuit accusing the Cupertino, California-based Apple of infringing patents. Nokia also demanded royalties on the countless Apple iPhones sold since the device’s launch in 2007. Nokia reported in March it has forty-six patents asserted against Apple in civil lawsuits and complaints lodged with the U.S. International Trade Commission.

The initial settlement will likely be in the range of hundreds of millions of Euros related to around two hundred million Apple products delivered to date.

Nokia climbed as much as 17.6 cents to 4.47 Euros as well as traded 2.1 percent greater at 4.39 Euros as of 1:14 p.m. in Helsinki. The stock has suddenly lost far more than 3 quarters of its value because Apple unveiled the iPhone in June 2007.