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Nokia Sells Standard Essential Patents to Vringo

Aug 9, 2012, 8:14 AM by Eric M. Zeman

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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Markus

Aug 9, 2012, 8:34 AM

Nokia - step by step to it's End ?

After I read this article I think that Nokia steering strong forward to it's own end. If someone sells his Essential Patents it means that the company needs as soon as possible money.....

What a sad Company Story - one of the most traditional Cell Phone Companys creates his own grave... 😢

Regards,

Markus from http://www.DSLundMobilfunk.de

fahrende

Not necessarily. Baseband patents just simply aren't as valuable as they used to be and Nokia exited that business I believe last year.

It's like cleaning out the attic. Sure there might be some valuable stuff up there, but if you haven't had the...
(continues)

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