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Intel buys 1,700 wireless patents from InterDigital

Posted: 20 Jun 2012     Print Version  Bookmark and Share

Keywords:wireless technology  patents  3G  LTE  WCDMA 

Intel has agreed to buy about 1,700 wireless technology patents and patent applications from subsidiaries of digital communications company InterDigital. Intel has paid Rs.2,049.18 crore ($375 million) for patents related to 3G, LTE, 802.11 technologies.

InterDigital is an active developer of advanced wireless technologies including WCDMA (Wideband CDMA), HSDPA (high speed download packet access) and HSUPA (high speed upload packet access) 3G technologies as well as LTE and LTE-Advanced 4G technologies.

"This transaction, which involves a small portion of our overall patent portfolio, marks an important milestone of InterDigital's stated strategy of expanding the monetisation of its large and growing intellectual property portfolio. By executing on our business plan, which has been broadened to include patent sales, licensing partnerships and other possibilities, we see tremendous potential to expand revenue and build shareholder value," said Scott McQuilkin, senior executive vice president, strategy and finance, InterDigital.

"These patents will support Intel's strategic investments in the mobile segment," said Doug Melamed, senior vice president and general counsel, Intel. "The addition of these patents expands our already large, strong and diverse portfolio of intellectual property."

The companies expect the transaction to be completed in third quarter 2012, subject to customary closing conditions and any required regulatory approvals.

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