Sisvel, an Italian patent licensing company, has just announced at the International Consumer Electronics Show that it has acquired 47 patent families from Finnish company Nokia.
In fact, the Italian company bought more than 450 patents from Nokia from which more than 350 are critical to wireless standards.
These patents were considered essential by the Finnish company for different communication standards such as, GSM, UMTS/WCDMA, as well as LTE.
Furthermore, Sisvel claims that a large chunk of these patents are covering technologies that are in close relation with a range of mobile communications devices and services. However, the portfolio of patents acquired from Nokia also includes video encoding optimization technologies.
In addition, Sisvel confirmed plans to offer some of these essential patents on FRAND (fair, reasonable and non-discriminatory) terms in the near future.