Many of you dear readers have an abiding interest in the fate of Nortel’s LTE patents, which represent a treasure trove to some and a collection of depreciating assets to others. Regardless of whether you perceive Nortel’s LTE patents as a glass half full or one that’s half empty, you probably will concede that they represent the last major asset pool under insolvent Nortel’s sagging corporate roof.
So, to whom are those patents going and at what price?
Despite the expectant buzz regarding an imminent auction or other disposition, Nortel appears in no hurry to resolve the matter. A Nortel spokesperson today, replying via email, had “no idea” on when or whether an auction or sale would be announced.
I have a feeling it won’t be too long before news surfaces. Nortel’s creditors will want to realize the value the patents represent.