no, they are patenting using a low powered protocol on a client device to negotiate a handshake that allows for use of internet services (and other device specific data feeds) from a host device as needed.
Internet over bluetooth has been a thing for a while. Having connection that doesn't drain the battery on either device is a bit more novel.
Actually, they ARE patenting internet over BT, just adding a particular sequencing to connect as needed. It does drain the battery, just less. There are a bunch of power-saving apps for Android which attempt to do something similar (including based on location/network).
It looks to be mostly legal posturing move with the potential of trolling against competitors.