Nokia Sells Over 450 Patents to Sisvel, with 350 Being Key Patents
Posted by: MASMedia in Nokia, Windows Phone 7
In case you’ve never heard of them before Sisvel is a “a world leader in managing intellectual property and maximizing the value of patent rights”. They’ve managed to acquire over 450 patents from Nokia, 350 of which are key to wireless standards.
“Acquiring the many essential patents in this key portfolio is a very significant step for Sisvel and a testament to Sisvel’s commitment and determination to succeed in this space. We look forward to offering these essential patents on FRAND terms and to continuing our work within the wireless industry“, said Giustino de Sanctis, CEO of Sisvel International.
The value and the reason why Nokia would sell such seemingly important assets is still unknown, but the acquired patents as subject to existing agreements and Nokia is licensed under the portfolio as part of the deal.
[VIA]
