08 February 2018
San Francisco
Reporter: Becky Butcher

AQUA to manage second patent portfolio sale

AQUA Licensing has been selected to manage the sale of a second patent portfolio, including patents developed by Alcatel-Lucent/Bell Labs, Nokia Technologies and Nokia Networks.

The new telecommunications portfolio offering comprises 557 patent families. It is made up of former Alcatel-Lucent patents, which total around 83 percent of the assets, including patents from the former AT&T Bell Labs.

Approximately 10 percent of the patent families originated from the former devices and services business of Nokia.

Though the business was acquired by Microsoft in 2014, Nokia retained the intellectual property in its Nokia Technologies business.

The other 7 percent of the patent families originated from Nokia Networks, previously Nokia Siemens Networks.

The second portfolio covers seven technology sectors, including cellular access and mobile core, components and devices, fixed and IP networking, multimedia and imaging, security, services and applications, and short-range radios and home networking.

The sale follows from the sale of the first telecommunications portfolio offering, made in August last year via AQUA Licensing. The previous portfolio consisted of 4,260 patent families.

Ilkka Rahnasto, head of patent business at Nokia, said: “As we continue to optimise our own patent portfolio, we are pleased that AQUA will make a further set of former Nokia patents available to operating companies and startups, enabling them to obtain strategic or defensive IP advantage. We believe AQUA has an innovative approach and we are encouraged by their early success with the first offering.”

Mark McMillan, managing director of AQUA Licensing, added: “We’re extremely pleased to be working with Nokia again on this next portfolio. The first former Nokia portfolio offered through us back in August generated a great deal of interest, and we’re confident that the superior assets in this second Nokia portfolio will offer buyers an exceptional opportunity to obtain significant value and defensive enforcement advantages at a reasonable price.”

The portfolio is being made available for cash purchase, in whole or in part, on a first-come, first-served basis.

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