Division divested

Wi-LAN Inc. sells its Think Broadband Solutions division to Arizona-based PCT International Inc. for roughly $1.2 million. The sale is part of an agreement the Ottawa company made with Tri-Vision to focus solely on patent licencing WiLan.jpgwhen Wi-LAN acquired the Toronto-based company and its broadband cable and services business in June. “This sale is the last major step in integrating the Tri-Vision V-chip licensing business with Wi-LAN,” says CEO Jim Skippen. “We will continue to devote our entire focus on licensing our valuable patents and growing our intellectual property portfolio. On a personal level, I am pleased that PCT took the entire Think Broadband team, and wish them continued success in the Canadian market.” Wi-LAN had originally intended to sell the business along with the property where it is housed in Toronto, but wound up leasing the space to PCT International for six months instead. The company says it is considering a future sale of the building and the land it sits on, currently worth approximately $3 million combined.

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