Ericsson, EMC consortium win Nortel patents

TORONTO, CANADA: A consortium comprised of Apple, EMC, Ericsson, Microsoft, Research In Motion and Sony. Networks Corporation won the bid for Nortel's remaining patents and patent applications, for $4.5 billion.

The consortium wins over 6,000 patents and patent applications spanning wireless, wireless 4G, data networking, optical, voice, internet, service provider, semiconductors and other patents.

Also Read: Nortel patent sale delayed despite intense interest

"Following a very robust auction, we are pleased at the outcome of the auction of this extensive patent portfolio", said George Riedel, chief strategy officer and president, Business Units, Nortel. "The size and dollar value for this transaction is unprecedented, as was the significant interest in the portfolio among major companies around the world."

The sale is subject to applicable Canadian and the US Court approvals which will be sought at a joint hearing expected to be held on July 11, 2011.