Search giant Google Inc. has been chosen to make the first bid for the whole of the portfolio of patents held by Nortel Networks Corp., enterprise of high Canadian technology is bankruptcy, said Monday.
Google has bid $ 900 million to purchase approximately 6,000 patents in what is called a bid of facade.
That defines the lower limit, in an auction planned for June avoiding the bids are too low. Other potential buyers will be free to make competing bids.
Nortel was far more high technology of the Canada company and one of the main world telecom technology developers, until it collapsed.
Patent portfolio is practically the last of the Nortel assets to be sold.
Duncan Stewart, Director of research for Deloitte Technology, "the whole process was a little sad," told CBC News.
"Someone who had always been to Ottawa and given & R D Nortel's centre and all seen the incredible Canadian working to push the frontiers of knowledge, it was a special place, especially in the 1990s and ouiCe is not only sad.", because it is the last bit of Nortel, but for many Canadians, I think that it is the most important bit of Nortel. ?
At the same time, he said, many Canadians who developed these patented technologies remain in the country, "so even if they do it under the aegis of Nortel anymore, they are still there and they are, we hope"innovate in the Canada.
The patents cover a wide range of digital communication, wireless and wireless technologies.
"The broad portfolio of patents affects virtually all aspects of telecommunications and new markets, including research on the internet and social networks," Nortel said in a statement.
Other possible bidders include Waterloo, Ontario Research In Motion, the manufacturer of the BlackBerry, as well as chipmaker Intel and IBM.
Based in Mountain View, California Google did boost the market wireless with its Android operating system.
Stewart should patent yield as much as $ 1.4 billion.
"Most of the people [in the industry] had thought that the assets of Nortel would be worth at least $ 1 billion," said Stewart.
Given the size of the first bid and how previous Nortel active auctions have disappeared, he added, "usually the amount that they eventually go ends up by being $ 200-400 million more."
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