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Wi-LAN Inc.

11:44 AM EST - Wi-LAN Inc. : announced that the company has signed a letter of intent to settle a lawsuit filed against it by TELUS. As part of the settlement, TELUS has sold any rights it may have had in the Patents to WiLAN. The settlement is subject to the finalization and execution of a formal agreement. WiLAN anticipates the formal agreement to be signed within the next few weeks. Wi-LAN Inc. shares T.WIN are trading up $0.05 at $2.72.