Nokia Sells Over 500 Patents To Vringo, A Video Ringtone Company For $22 Million

Posted on Aug 9 2012 - 3:25pm by Editorial Staff

With news earlier today of Digia acquired Nokia’s Qt, big news rounding up that the Finnish-based mobile company selling off its 500 patents to video ringtone company Vringo for $22 million. The portfolio consisting of over 500 patents and patent applications worldwide, including 109 issued United States patents.

The portfolio encompasses a broad range of technologies relating to cellular infrastructure, including communication management, data and signal transmission, mobility management, radio resources management and services. According to the The Wall Street Journal, most of these patents are relating to “third generation and fourth generation” wireless technology.

 

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