Nokia sells mobile patents to Italy
Finland-based Nokia Corp., the world's largest handset maker, said Italian patent company Sisvel International has acquired more than 47 of its mobile communications patent families, comprising more than 450 granted patents and applications. Financial details weren't disclosed.
Each patent family relates to a single invention, which can have multiple patents registered in different jurisdictions. Nokia said 33 of the patent families are essential to one or more of the GSM, UMTS and LTE wireless standards.
Nokia, which has a portfolio of around 10,000 patent families--or more than 30,000 individual patents and patent applications--said the divestment is part of its ordinary intellectual property rights business.
"Nokia's focus on active portfolio management ensures ongoing monetization of our valuable intellectual property," Nokia spokesman Mark Durrant told Dow Jones Newswires.
At 1006 GMT, shares in Nokia were up 0.63% ay EUR4.15 Brazil govt to decide on quality controls for handset imports Brazil's trade ministry later this month will deliberate on whether to require quality controls for licensing imports of cellphone equipment, Trade Minister Fernando Pimentel said Thursday.
Pimentel said the ministry's foreign-trade council, Camex, at its meeting scheduled for Jan. 25 would decide on whether to require Anatel, the Brazilian telecom regulatory agency, to issue quality certifications before granting import permits for cellphone equipment.
"We want to impede the entrance of low-quality equipment to the country," Pimentel said following a meeting with Communications Minister Paulo Bernardo. The possible measure is aimed at a slowing a flood of cheap foreign equipment, especially from China, which has nearly doubled its cellphone exports to Brazil since 2009.
The move to possible action on the imported equipment comes after Brazil's electronics manufacturers' association, Abinee, lodged a complaint with the trade ministry in October that some foreign-made cellphones were entering the country at around $12 each, less than one-third of the cost of similar models produced locally.
Source: Total Telecom
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