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Posted By Sarthak on 26 Aug 2017

On 25th August, 2017, Nokia Corporation has offered for sale more than 6000 Patents, which were developed by Alcatel-Lucent. Nokia acquired the same, when they acquired Alcatel-Lucent (for roughly $17 Billion). As per a transaction firm, Nokia will be selling the Patents through investor pool to venture backed startups.

This sale will help startups in the same business to develop technologies using the said patent at a lower rate. The demand is too high for the 6000 patents made available for sale by Nokia.

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