One of Canada's most successful patent companies does not intend to bid on the 6,000 Nortel patents that will go on the auction block next month.

Mosaid Technologies spokesman Michael Salter tells CTV News they're not interested in the patents at their current price.

"It's a bidding war now, and it's for all of the patents," he said. "The eventual buyer may re-sell some, but who knows."

The company did announce today that one of the key players in the Nortel auction is joining Mosaid's board of directors.

John P. Veschi is Nortel's Chief Intellectual Property Officer, and he is the man who manages Nortel's global patent assets.

Prior to joining Nortel, three years ago Veschi worked for two other firms when Mosaid was signing patent deals with those companies.

Nortel's patents go on the auction block on June 20 and the first bid is from Google at $900 million. If Google does not win the auction, then Nortel must pay Google $25 million.

A Toronto-based lawyer for US patent firm RPX told Bloomberg News they're considering a bid for the patents.

RPX went public this week and raised well over a billion dollars as its stock soared in first day trading.

The deadline for submitting a bid is June 13.