Apple, Intel among bidders for Nortel Networks: Report

Nortel filed for bankruptcy after a loss of USD 5.8 billion, in 2009

PTI | June 20, 2011



Apple Inc, Intel Corp and Ericsson AB are among the technology giants that will vie with Google Inc to buy patents from bankrupt telecom-equipment maker Nortel Networks Corp, says a media report.

"Apple, Intel and Ericsson AB are among the technology giants that will vie with Google to buy a trove of patents from the bankrupt Canadian telecom-equipment maker Nortel Networks Corp," The Wall Street Journal reported, citing a source.

The report said that RPX Corp, a US-based firm that defensively buys up patents on behalf of other companies, was also accepted as a qualified bidder.

Nortel said last week it was delaying the sale of about 6,000 patents by seven days until June 27, citing a "significant level of interest" in the portfolio.

The Nortel patents cover telecommunications technology used in wireless handsets and networks, as well as Internet search, semiconductors and social networking.

In 2009, Nortel filed for bankruptcy after a loss of USD 5.8 billion, hurt by customers putting off spending on new equipment during the recession.

According to the publication, representatives for Google, Intel and RPX declined to comment. Apple, Ericsson and the Justice Department did not immediately respond to a request for comment.
 

Comments

 

Other News

Consumer Justice at a Crossroads

Over the past four decades, India`s consumer protection landscape has undergone a remarkable transformation. What began with the Consumer Protection Act, 1986 as a simple mechanism to empower ordinary citizens has evolved into a comprehensive framework capable of addressing challenges ranging from mislea

Doctors, experts call for ban on junk food ads, mandate warning labels

More than 30 doctors, medical scientists and public health professionals have urged the government to take decisive action against the aggressive advertising and marketing of junk food, calling for a watershed ban on advertisements for foods high in fat, sugar and salt (HFSS) and ultra-processed foods (UPF

Asiatic Lion population rises from 523 in 2015 to 891 in 2025

On World Lion Day 2026, environment, forest and climate change Minister  Bhupender Yadav celebrated India’s remarkable journey in lion conservation and reaffirmed the country’s unwavering commitment to protecting wildlife and biodiversity.   In a post on soc

Railways imposed ₹5.13 crore fine for food quality and hygiene violations

Indian Railways serve about 58 crore meals every year on an average. About only 0.0008% food quality related complaints are received on average. Based on complaints during the last three years, appropriate penal actions have been taken by IRCTC. Such actions include imposition of fines amounting to ₹5.13

STHAVAR: Why every Indian built asset needs a permanent digital identity

India has built digital systems for identity, payments, taxation, documents, logistics and public services. State governments, ministries, infrastructure agencies and urban local bodies have also created portals for land records, building permissions, project monitoring, property taxation and municipal s

Saksham Skill census identifies 22,000 job-ready candidates in one Mumbai ward

A first-of-its-kind AI-enabled skill census conducted in Mumbai`s H-West Ward has identified a potential livelihood pipeline of nearly 22,000 candidates, generated over 32,000 provisional job matches while revealing that 71.2 per cent of surveyed homemakers are willing to join the workforce, according to

Upcoming Conferences



-->

Archives

Current Issue

Opinion

Facebook Twitter Google Plus Linkedin Subscribe Newsletter

Twitter