Report: Nortel soliciting bids for patent portfolio

Bankrupt Nortel Networks is reportedly soliciting bids for its more than 4,000 patents which include key LTE patents.

Dow Jones, citing people familiar with the matter, reports that Nortel is still mulling whether a sale is the best way to recognize value of the patents. A number of companies in recent months have had discussions with Nortel's bankrupt trustees to make a play for the portfolio. Interested parties are required to sign what is being described as a severely strict non-disclosure agreement.

Nortel continues to be conflicted over whether to sell some or all of its patents or keep them to monetize the portfolio through a licensing program, according to Dow Jones' sources. By soliciting bids, Nortel will be able to ascertain just how much the patents might garner via a sale.

For more:
- check out this Total Telecom article

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