You might remember that the complete Nortel patent portfolio was up for sale recently. They’ve been sold for $4.5 billion to a group that includes Apple, EMC, Ericsson, Microsoft, RIM and Sony:
Following a very robust auction, we are pleased at the outcome of the auction of this extensive patent portfolio”, said George Riedel, Chief Strategy Officer and President of Business Units, Nortel. “The size and dollar value for this transaction is unprecedented, as was the significant interest in the portfolio among major companies around the world.
Patents within the massive cache cover a wide range of technologies including wireless, voice, networking, optical data transmission and 4G LTE. This is going to shape the future of telecommunications. The sad part? This pretty much brings down the curtain on Nortel. It’s too bad a company that clearly had a lot going for it ended up this way.
Like this:
Like Loading...
Related
This entry was posted on July 2, 2011 at 2:20 pm and is filed under Commentary with tags Nortel, Patents. You can follow any responses to this entry through the RSS 2.0 feed.
You can leave a response, or trackback from your own site.
Nortel Patents Sold for $4.5 Billion to Consortium
You might remember that the complete Nortel patent portfolio was up for sale recently. They’ve been sold for $4.5 billion to a group that includes Apple, EMC, Ericsson, Microsoft, RIM and Sony:
Following a very robust auction, we are pleased at the outcome of the auction of this extensive patent portfolio”, said George Riedel, Chief Strategy Officer and President of Business Units, Nortel. “The size and dollar value for this transaction is unprecedented, as was the significant interest in the portfolio among major companies around the world.
Patents within the massive cache cover a wide range of technologies including wireless, voice, networking, optical data transmission and 4G LTE. This is going to shape the future of telecommunications. The sad part? This pretty much brings down the curtain on Nortel. It’s too bad a company that clearly had a lot going for it ended up this way.
Share this:
Like this:
Related
This entry was posted on July 2, 2011 at 2:20 pm and is filed under Commentary with tags Nortel, Patents. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.