Lenovo Gobbles Up $100 Million 3G And LTE Patent Portfolio

Securing patents is an important part of doing business in today's corporate world. Lenovo understands this, hence why it just agreed to purchase a portfolio of mobile technology patents from Unwired Planet for $100 million dollars in cash, the two companies announced. The deal also gives Lenovo a term-based license to Unwired Planet's patent portfolio.

In total, Lenovo gains access to 21 patent families owned by Unwired Planet, the most important of which are for certain 3G and LTE mobile technologies.

"This investment is an extension of Lenovo's existing intellectual property portfolio," said Jay Clemens, General Counsel of Lenovo. "It will serve the company well as we grow and develop our worldwide smartphone and mobile PC Plus business in new markets."

Lenovo Vibe X
Lenovo Vibe X

It will be interesting to see what Lenovo can accomplish in the mobile space. Lenovo has been particularly savvy in the PC space where the company has managed to post gains in revenues and and outpace the industry average in computer shipments en route to becoming the world's biggest supplier of PCs.

Lenovo frequently talks of following a PC Plus strategy. What that means is it will continue to serve traditional market while also investing in the mobile sector, such as tablets and smartphones.