Nokia selling 450 patents
Nokia are selling 450 of their patents to Sisvel. 350 of the patents in question are market as essential, which means there is no way to make a 2G, 3G or 4G phone without the need to use them. The good news, however, is that Sisvel isn’t buying the patents to sue other companies, which may infringe them, but to make it easier for said companies to release phones, using this intellectual property.
The idea is that when say Apple want to release a device and need to use technologies, which have been patented by another company, they can just go ahead and buy them from Sisvel. The licensing will be done according to the FRAND principle (Fair, Reasonable and Non-Discriminatory). This deal is also pretty good for Nokia, because not only are they getting a lot of money for the patents at the moment, they also won’t have to pay to use them in the future. B. A.