Andre Yoskowitz
25 Jun 2011 14:23
FTC anti-trust regulators in the U.S. have given Apple approval to buy assets from the bankrupt telecom Nortel Networks.
Intel, Apple, Google and Ericsson have all expressed interest in the over 6000 patents in Nortel's portfolio and each is expected to be granted approval within the week.
Begging on Monday, all patents head to auction and will be sold.
The patents cover a wide range of topics from wireless, data and optical networking, voice, Internet and semiconductors, says Reuters.
Apple and Google will likely be strong bidders for 4G and LTE technologies, while Intel will be interested in the semiconductor patents.
Google's $900 million "stalking horse" opening bid has been approved and will be the starting point for the auction on Monday.