Nokia pays to get access and use Wi-LAN’s patents
By Stefan Constantinescu on Monday, December 4th, 2006 at 4:56 PM PST In Financial/Corporate News
Wi-LAN Inc. announced today that Nokia (NYSE: NOK) Corporation of Finland has licensed the Wi-LAN patent portfolio.
Under the terms of the agreement, Nokia receives a fully paid-up license to Wi-LAN’s current patent portfolio. In partial consideration for this license, Nokia will transfer to Wi-LAN patents, both issued and pending, related to telecommunications and asymmetric digital subscriber line ("ADSL") technologies. These patents have been valued at $34 million, based on a preliminary independent valuation by a large accounting firm. As additional consideration, Nokia will pay approximately $15.2 million (Euros 10 million) immediately to Wi-LAN. Additional details of the agreement must be kept confidential.
Source: Market Wire
ADSL patents? Since when does Nokia do land lines? Could anyone send me more information about this please?
Nokia has long been making DSLAMs for the ADSL market.
http://www.physorg.com/news1235.html
Hmm you taught me something today.
Thank you.