AssetSale
Latest
Vringo buys small Nokia patent portfolio as asset sell-off continues
Nokia's sale of the century hour continues, selling off a small intellectual property portfolio to Vringo. The little-known app maker has snapped up a bundle of 500 patents and applications from the Finnish phone maker, including 109 issued US Patents. The collection mostly concerns backbone tech, including communication management, signal transmission and cellular infrastructure. Neither company mentioned a figure, but Vringo revealed that Nokia's getting a chunk of any future profits made. There's PR after the break if you're curious enough to wonder if Stephen Elop's planning the mobile phone equivalent of a yard sale.
Dish CEO denies talk of asset sale, commits to nationwide network
A new service trademark, a 67-page FCC application and a recently redefined brand? These are not the marks of a company looking to lend itself to the altar of M&A. After plunking down over a billion dollars on acquired spectrum, Dish appears dead set on launching its own wireless network, despite rumors of an impending asset sale and a regulatory hold up. In an interview at this week's CES, CEO Joe Clayton put to rest speculation that the satco was looking to place itself or its airwaves on the auction block, saying it was definitively "not part of [the company's] strategy." Regardless, that planned, nationwide LTE network is still a ways off for the pay TV provider, as its 2GHz holdings are still pending the Commission's approval. If and when the outfit gets the greenlight, expect a full buildout in three years time.
