Licensing patents is a lucrative business in ye olde mobile industry. Heck, just ask Microsoft. It makes more money from Android than it does selling Windows Phone 7 licenses. True story.
So we’re slightly perplexed to hear that Nokia has sold over 450 of its treasured patents to Sisvel International - a "global leader in licensing".
In a press release, Sisvel announces that it’s acquired 47 patent families from Nokia, which equates to over 450 individual patents.
We’re told that 33 of the patent families, consisting of 350+ patents, are described by Nokia as “essential to second, third and fourth-generation communications standards”, including GSM, UMTS/CDMA and LTE.
The remainder of the acquisition consists of implementation patents, including video encoding optimisation technologies.
“Sisvel has been extremely active in recent years working with the wireless industry to provide simplified access to essential wireless patents on fair, reasonable, and non-discriminatory, or FRAND, conditions,” yelled Giustino de Sanctis, CEO of Sisvel International.
“Acquiring the many essential patents in this key portfolio is a very significant step for Sisvel and a testament to Sisvel’s commitment and determination to succeed in this space. We look forward to offering these essential patents on FRAND terms and to continuing our work within the wireless industry.”
Understandably, there are whispers of “patent trolling”. In any case, with 350+ essential patents, we’re sure we haven’t heard the last of Sisvel International.