The portfolio encompasses a broad range of technologies relating to cellular infrastructure, including communication management, data and signal transmission, mobility management, radio resources management and services.
Thirty one of the 124 patent families acquired have been declared essential by Nokia to wireless communications standards. Standards represented in the portfolio are commonly known as 2G, 2.5G, 3G and 4G and related technologies and include GSM, WCDMA, T63, T64, DECT, IETF, LTE, SAE, and OMA."-Nokia
The goal with these sales is to keep the company on its feet until Windows Phone 8 models are launched. Nokia hopes the new build of Microsoft's mobile OS will allow it to compete with the Apple iPhone and Android models.
With patent trials all over the news these days, Nokia had a clause inserted in the contract that allows them to re-acquire the patents for a nominal amount should Vringo take Nokia or its affiliates to court over these specific patents. Nicely played, Nokia. Nicely played.
source: TheNextWeb via SlashGear