Patent advisory and transaction firm Aqua Licensing said it has been retained to manage the sale of a second patent portfolio previously owned by Nokia, including patents developed by Alcatel-Lucent/Bell Labs, Nokia Technologies and Nokia Networks.
The previous portfolio consisted of 4,260 patent families.
“To date, buyers have been identified for a significant portion of the initial offering,” said Aqua.
“The new Telecommunications Portfolio II offering comprises 557 patent families, developed by Alcatel-Lucent/Bell Labs, Nokia Technologies and Nokia Networks.
“This portfolio is predominately made up of former Alcatel-Lucent patents, which are around 83% of the assets, including patents from the former AT&T Bell Labs.
“Around 10% 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 remaining 7% of the patent families originated from Nokia Networks, previously Nokia Siemens Networks, formed in 2007 through a combination of Nokia’s networks business and Siemens’ carrier-related operations for fixed and mobile networks.
“Nokia acquired Siemens’ share of the business in 2013.
“Patents in Telecommunications Portfolio II span seven technology clusters; 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.”
Ilkka Rahnasto, head of patent business at Nokia, said: “As we continue to optimize 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, said: “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.”