Chinese comms firm to bid for Nortel patents

Chinese telecoms firm ZTE has thrown its hat into the ring in the race to acquire Nortel's networking patents, expressing particular interest in its LTE intellectual property (IP), according to Reuters. In an interview, ZTE IP director Wang Haibo said that everyone was preparing for the auction. &qu

Chinese telecoms firm ZTE has thrown its hat into the ring in the race to acquire Nortel's  networking patents, expressing particular interest in its LTE intellectual property (IP), according to Reuters.

In an interview, ZTE IP director Wang Haibo said that everyone was preparing for the auction.

"There are some patents that we want, although not too many, but we will be looking to bid for some that include LTE," he said.

Stalking horse bids have been invited for Nortel's extensive portfolio, but no definite date has yet been set for the auction. Other players thought to be preparing a bid include Apple.

ZTE already holds approximately 7% of global patent rights relating to LTE - the preferred technology for 4G mobility services - and hopes to boost this share aggressively. In contrast rival Qualcomm holds 13%.

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