[Techtaffy Newsdesk]

Magnolia Broadband has sold its beam forming Mobile Transmit Diversity (MTD) patent portfolio to Google. The patent portfolio covers methods for increasing spectrum utilization (network capacity), expanding coverage, improving uplink transmission speeds at the cell edge, and improving device battery life.

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