Aqua manages sale of 6,000 former Nokia patents

Patent advisory and transaction firm Aqua Licensing said it has been retained to manage the sale of a large telecommunications patent portfolio “that was previously owned by Nokia and developed by Alcatel-Lucent/Bell Labs, Nokia Technologies and Nokia Networks.”

Aqua said the portfolio consists of 4,260 patent families, comprising 6,069 granted patents and 734 patent applications.

“The patents have been acquired by an investment entity established to manage the orderly liquidation of the assets,” said Aqua.

“Some of the patents will be made available through Aqua’s IP Investor Pool to venture backed startups.”

Aqua said the assets include patents from the former AT&T Bell Labs Laboratory which is now owned by Nokia following the acquisition of Alcatel-Lucent by Nokia.

It said former Alcatel-Lucent patents make up 82% of the assets offered.

Aqua said the portfolio is available for cash purchase “in whole or in part, on a first-come, first-served basis.”

Mark McMillan, managing director of Aqua Licensing, said: “Nokia and Alcatel-Lucent have built a compelling portfolio fundamental to many growth markets.

“We see significant value in parsing this portfolio out to those who will see highest value from the ownership of these strategic assets.”