Reuters | February 16, 2011 | Huang Yuntao and Leila Abboud
(Reuters) – A major Chinese telcoms-network equipment maker said on Wednesday it will bid on patents related to next-generation wireless technology held by bankrupt Nortel Networks.
ZTE, China’s No. 2 telecoms equipment maker, is eyeing the Canadian company’s intellectual property relating to 4G networks, a senior executive said.
Interest in Nortel’s patents has been robust, with Apple and Google named among bidders, but the auction process has been delayed by disputes over their worth, sources told Reuters last week.
“Everyone is preparing for it now,” ZTE’s intellectual property director Wang Haibo said in an interview. “There are some patents that we want, although not too many, but we will be looking to bid for some that include LTE,” he said.
LTE, or Long Term Evolution, is the path being chosen by most telecoms carriers to upgrade existing 3G data networks.
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