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Monday, May 17, 2010

Nortel solicits bids for LTE patents

Source: GSMA Mobile Business Briefing
Once-great Canadian telecom network vendor Nortel Networks is reportedly soliciting bids for its portfolio of 4,000 LTE patents, according to Dow Jones Newswires. The news agency notes that the company is divided internally over whether to sell some or all of its patents or whether to retain ownership and monetise the portfolio through a licensing program. Interested parties are required to sign what is being described as a very strict non-disclosure agreement, adds the report. Nortel is being advised by Lazard and Global IP Law Group.

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