Nortel patents sold for $ 4.5 billion
Nortel Networks, one of the world’s major telecommunications equipment manufacturers is now undergoing bankruptcy proceedings. Most of the physical assets of Nortel have already been sold and Nortel’s portfolio of patents was put up on the last auction. The portfolio comprises a wide range of wireless technologies (e.g. wireless video, Wi-Fi, Internet search) or just penetrating (including LTE) widely used in today’s smartphones.