Nokia Sells 500 Wireless Patents to Vringo for $22 million

Nokia is continuing to unload some of its assets today, as just yesterday it sold all Qt related business to Digia, another Finland based company. Today, Nokia has agreed to sell over 500 wireless patents to the IP firm Vringo. The patent portfolio that Nokia is letting go deals with a wide range of technology, from cellular infrastructure to data and signal transmission and mobility management.

Nokia will receive $22m in compensation for the patents, in addition to the revenue generated as part of ongoing rights to the patent portfolio.

[via SlashGear]

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