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Wi-LAN expands patent portfolio into wireline broadband space

News | 12/08/2006 5:00 am EST

Wi-LAN Inc. has secured $49.2 million in revenue – a combination of cash and intellectual property – from Nokia Corp. as part of a deal that saw the cell phone giant license Wi-LAN’s entire patent portfolio. Wi-LAN received $15.2 million in cash and 93 patents valued at $34 million.

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