- Key telecom patent holders are joining forces, creating a one-stop shop for companies that need to license technology in building a connected future ranging from the "Internet of Things" to connected cars.
- A newly formed company, Avanci, incorporates patents of partner firms including Qualcomm (NASDAQ:QCOM), Ericsson (NASDAQ:ERIC), ZTE (OTCPK:ZTCOY) and Royal KPN (OTCPK:KKPNY). It will offer flat-rate licenses for patents in 2G, 3G and 4G technology that will vary based on the "value the technology brings to the device."
- Such a setup will let those building connected cars, or smart meters and thermostats, quickly settle licensing around required patents without wading into complicated negotiations with several parties. For the telecoms, it means more and easier licensing opportunities beyond phones and tablets.
- Kasim Alfalahi had left Ericsson to found the new group.