Light Reading is reporting Nokia Siemens Networks didn't buy all of the Nortel's Long Term Evolution (LTE) assets. Apparently Nortel is holding on to some LTE patents. Nortel holds some key patents relating to OFDMA and MIMO, both key elements of the LTE standard.
NSN last week announced it is buying Nortel's CDMA and LTE businesses for $650 million. The price tag most likely would have been significantly higher if those patents were included.
Light Reading said documents filed with the U.S. Bankruptcy Court for the District of Delaware indicate that the preliminary agreement between Nortel and NSN includes the license of "certain intellectual property necessary for the manufacture of the products and the provision of services."
The question is: What is Nortel, which is selling its parts off, going to do with those patents?
For more:
- take a look at Light Reading
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