Nokia sells more than 450 patents to patent troll

Following a long history at the forefront of the wireless industry, Nokia holds more than 30,000 patent licenses and applications. On Thursday, the Finnish vendor’s portfolio was confirmed to be slightly lighter as patent troll Sisvel International announced that it had acquired more than 450 Nokia patents. According to the Italy-based patent licensing firm, more than 350 of the patents it acquired from Nokia are essential to wireless standards.�”Sisvel has been extremely active in recent years working with the wireless industry to provide simplified access to essential wireless patents on fair, reasonable, and non-discriminatory, or FRAND, conditions,” said Sisvel CEO Giustino de Sanctis in a statement. “Acquiring the many essential patents in this key portfolio is a very significant step

Source: http://www.bgr.com/2012/01/13/nokia-sells-more-than-450-patents-to-patent-troll/

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