WiLAN Acquires Patent Portfolio from Siemens
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Patent holding company, and serial litigator, Wi-LAN today announced that it has acquired a portfolio of more than 40 patents and applications from Siemens related to telecommunication network management and mobile multimedia.
Although the terms of the agreement are confidential, WiLAN confirmed that it does not consider the purchase amount to be material relative to its current cash position.
The portfolio specifically relates to features covered in the 3rd Generation Partnership Project ("3GPP") global mobile broadband standards and those of the European Telecommunications Standards Institute ("ETSI").
It is the first such transaction between WiLAN and Siemens.
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