Nortel Networks sells patent portfolio to consortium led by Apple and Microsoft
Nortel Networks, the bankrupt Canadian telecommunications equipment maker, said early this morning that it has agreed to sell its 6,000 patent portfolio to a tech consortium led by Apple Inc and Microsoft for $4.5 billion in cash.
The US Patent Office has confirmed Wider Networks' patent on Wider's proprietary WIND 3G drive-test data collection solution for the cellular industry, rejecting PCTEL Inc.'s bid to have the patent invalidated upon re-examination.