Wi-LAN Inc. announced today that Nokia 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?