Smartphone maker HTC said it is to buy and bundle of 82 of patents from a U.S. communications company.
HTC will fork out some $75 million to acquire the 82 global patents from Minnesota-based ADC Telecommunications, HTC said in a statement yesterday. The deal includes 14 patents still pending approval.
ADC is owned by electronics outfit TE Connectivity better known to consumers until recently as toy giant Tyco. The firm is headquartered in Switzerland but does most of its business in the U.S,
According to HTC's neighbour, the Taipei-based Economic Daily News, the deal will bring HTC technologies useful for next-generation, 4G, telecommunications devices.
HTC makes phones under licence for the likes of Google and has emerged in recent years as a powerful brand in its own right.