Nokia Sells Standard Essential Patents to Vringo
Nokia and Vringo today announced that Vringo has agreed to acquire more than 500 patents from Nokia for an undisclosed sum. According to Vringo, the 500 patents include 31 patent families that have been deemed standard essential for 2G, 2.5G, 3G, and 4G wireless communications. They cover communications technologies such as GSM, WCDMA, T63, T64, DECT, IETF, LTE, SAE, and OMA. Vringo is paying Nokia cash for the patents, 109 of which are based in the U.S., as well as ongoing payments based on revenue generated by the patent portfolio. Vringo developed the Facetones application and owns other mobile-related intellectual property.
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