Google buys Mobile Transmit Diversity patent from Magnolia Broadband

Telecom Lead America: Google has purchased beam forming
Mobile Transmit Diversity (MTD) patent portfolio from Magnolia Broadband.

This patent portfolio is derived from over a decade of
research, development, and testing, and covers methods for increasing spectrum
utilization (network capacity), expanding coverage, improving uplink
transmission speeds at the cell edge, and improving device battery life.

We believe that Google’s acquisition of our more than 50
Mobile Transmit Diversity beam forming technology patents underlines the need
for such a technology in mobile broadband devices. The software, which can be
embedded into any mobile broadband device remains the property of Magnolia
Broadband and will be made available to mobile device vendors and chipset
companies,”¬Ě said Osmo Hautanen, CEO of Magnolia Broadband.

This transaction is a milestone for Magnolia Broadband.
It provides a return to our investors and funding for continued development of
Magnolia’s MTD technology. We look forward to deployment of this innovative
technology in smart phones, tablets and other mobile broadband devices, to
provide faster data throughput, better coverage and wider range,” said
Yaron Eitan, chairman of the Board of Magnolia Broadband.

Invention Capital Partners was retained by Magnolia
Broadband to perform an analysis of Magnolia’s intellectual property assets and
potential market opportunities, and thereafter to engage potential buyers and
support the structuring, negotiation and efficient closing of the transaction.

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