Arbinet sells patents portfolio to AIP

Tuesday 15 February 2011 | 08:54 CET | News
Arbinet has sold its portfolio of patents and patent applications to AIP for USD 4 million, and expects the transaction to close this week. As stipulated under the terms of the acquisition agreement between Arbinet and Primus Telecommunications, Arbinet, and consequently also Primus, will be able to enjoy royalty-free, worldwide, assignable and perpetual license to the patents sold. Telecommunications product and service provider Primus announced in November that it was acquiring Arbinet for USD 28 million, in an all stock transaction. Stockholder meetings for both Arbinet and Primus have

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Categories: Fixed
Companies: Arbinet / Primus Telecommunications
Countries: World
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