ALEXANDRIA, Va., March 5 -- United States Patent no. 12,243,096, issued on March 4, was assigned to Netsia Inc. (Santa Clara, Calif.).

"System and method for a RAN exchange" was invented by Oguz Oktay (Sunnyvale, Calif.), Bulent Kaytaz (Istanbul) and Seyhan Civanlar (Istanbul).

According to the abstract* released by the U.S. Patent & Trademark Office: "Using a Radio Access Network (RAN) capacity exchange (or RANxChange), mobile operators can advertise slices/partitions of available unused base station capacity, and auction and lease it. A member-operator can advertise their unused base station capacity availability or lease capacity from another member-operator for a specific time period. The bidding operators can bid for the full auction...