Telecom Lead America: InterDigital announced that its
subsidiaries have signed a definitive agreement to sell its 1,700 patents and
patent applications for $375 million in cash to Intel Corporation.
The transaction is expected to be completed in third
quarter 2012. With this transaction, InterDigital drives its strategy of
expanding the monetization of its large and growing intellectual property
portfolio.
InterDigital develops advanced wireless technologies
including WCDMA, HSDPA and 3G technologies as well as LTE (Long Term Evolution)
and LTE-Advanced 4G technologies.
The acquisition of this portfolio of InterDigital’s
technologies by a global technology leader like Intel affirms the efforts of
our research and development team which actively shares our innovations with
the worldwide standards bodies, defining technologies that are central to the
world’s major wireless systems and devices,” said Scott McQuilkin, Senior
Executive Vice President, Strategy and Finance at InterDigital.
Intel will acquire patents primarily related to 3G, LTE
and 802.11 technologies. Doug Melamed, senior vice president and General
Counsel of Intel said that the patents will support Intel’s strategic
investments in the mobile segment
The addition of these patents expands our already
large, strong and diverse portfolio of intellectual property,” Doug added.
Intel joins forces with Huawei on LTE TDD
Recently, Intel Corporation and Chinese telecom equipment
maker Huawei announced a collaboration to advance the development of
interoperability testing and deployment of LTE TDD solutions.
editor@telecomlead.com
