WATERLOO, ONTARIO--(Marketwire - July 1, 2011) - As announced separately today by Nortel Networks Corporation, a consortium of certain technology companies, of which Research In Motion Limited ("RIM") (NASDAQ:RIMM)(TSX:RIM) is a part, emerged as the winning bidder for all of Nortel's remaining patents and patent applications for a cash purchase price of USD$4.5 billion. RIM's portion of the purchase consideration is approximately USD$770 million. The sale is subject to applicable Canadian and United States court approvals. Nortel plans to work diligently with the consortium to close the sale in the third quarter of 2011. This news release contains forward-looking statements within the meaning of the U.S. Private Securities Litigation Reform Act of 1995 and applicable Canadian securities laws relating to a consortium of technology companies emerging as the winning bidder for Nortel's patent portfolio, required approvals and the anticipated closing date.