Cable / Telecom News

Nortel patents fetch US$4.5 billion at auction

TORONTO – Nortel Networks has completed the biggest sale of technology patents in history after selling off approximately 6,000 patents to a consortium of six companies for US$4.5 billion.The consortium, made up of Apple, EMC, Ericsson, Microsoft, Research In Motion and Sony, now owns patents and patent applications spanning wireless, wireless 4G, data networking, optical, voice, Internet, service provider, and semiconductors. The extensive patent portfolio touches nearly every aspect of telecommunications plus additional markets such as Internet search and social networking."Following a very robust auction, we are pleased at the outcome of the auction of this extensive patent portfolio", said...