Vonage has negotiated a settlement with Sprint following a recent court ruling that the VoIP service provider infringed on patents held by the long-time telco. Vonage will pay Sprint about $80 million, with some of the money going toward past use of the patents, and some for future licensing. Vonage had been indicating that it would continue to appeal its infringement lawsuit losses against Sprint and Verizon, but after it recently partially lost the appeal in the Verizon case and faced a longer court battle with both carriers, maybe it's rethinking that strategy.
For more:
- Check out this story [1] in The New York Times
Related articles:
- Vonage [2] loses the Sprint patent case
Links:
[1] http://www.nytimes.com/2007/10/09/business/09vonage.html?ref=business
[2] http://www.fiercetelecom.com/story/vonage-must-pay-sprint-69-5-million/2007-09-26