Nortel networks looking to capitalize on LTE, other wireless patents

Nortel Networks, which filed for bankruptcy protection last year, said it is exploring strategic alternatives to maximize the value of its thousands of patents. Although nothing has been decided yet, sources told the Globe and Mail that Nortel is considering several options including auctioning the patents, a joint venture with a new partner or long-term licensing agreements with various wireless companies.

Nortel held on to the majority of its patents in the sale of its CDMA and LTE wireless assets to Ericsson for $1.13 billion this past summer, and analysts have speculated that the company would pursue a sale or auction. Exactly how much the patents are worth is unclear, though some industry experts estimate the patents could sell for $1 billion if a bidding war is triggered. 

For more:
- see this Globe and Mail article

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