Rockstar Consortium Receives Green Light From Department of Justice

Mon Mar 12, 2012 10:01am EDT

* Reuters is not responsible for the content in this press release.

  OTTAWA, ONTARIO, Mar 12 (MARKET WIRE) --
Rockstar Consortium (Rockstar) today announced that the US Department of
Justice waiting period for review of Rockstar's acquisition of a
substantial majority of the former Nortel Networks patent portfolio, has
expired and the company is free to consummate the acquisition. The
portfolio consists of approximately 4,000 patent assets related to a
broad array of networking, communications, and internet technologies.

    These patent assets were a substantial component in the record-breaking
auction this past summer, when Rockstar Consortium, made up of Apple,
Microsoft, RIM, Ericsson and Sony, invested $4.5 billion to acquire
Nortel's portfolio from the bankruptcy estate. Nortel, a 100+ year-old
telecom and networking pioneer, had developed the portfolio through tens
of billions of dollars of R&D investment over the past few decades.
Following the expiration of the waiting period, Rockstar is set to
implement its plans to pursue licensing agreements with companies that
are harnessing its intellectual property.

    John Veschi, Chief Executive Officer of Rockstar, and formerly Chief IP
Officer of Nortel, stated that, "We are pleased to emerge from this
review process, and are looking forward to working with technology
related companies to provide them with access to Rockstar's technology.
The entire industry has benefitted from Nortel's groundbreaking
innovations, and we are eager to work with them to establish licenses
enabling the continued use of this technology."

    Rockstar

    Rockstar Consortium US LP, and Rockstar Consortium Inc. (the Rockstar
Companies) are jointly owned by Apple, Microsoft, RIM, Ericsson and Sony,
and are chartered with managing the Rockstar portfolio on behalf of these
owners.

Contacts:
Rockstar Consortium
Vicki Carver
Head of Operations
613-576-1020
info@ip-rockstar.com
www.ip-rockstar.com

Copyright 2012, Market Wire, All rights reserved.

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