Vonage Settles Patent Lawsuit With Sprint

Posted: Oct 8 2007, 9:10am CDT | by , Updated: Aug 11 2010, 4:15am CDT, in News | Other Stuff

 
Vonage settles Patent Lawsuit with Sprint
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Today Vonage announced that it has settled its pending patent dispute with Sprint Communications LP and entered into a licensing arrangement under Sprint's Voice over Packet ("VOP") patent portfolio.

Vonage and Sprint have entered into an agreement to resolve this patent dispute as well as begining a business relationship. In addition, Sprint has agreed to license Vonage its VOP portfolio. The agreement is valued at $80 million, including $35 million for past use of license, $40 million for a fully paid future license, and $5 million in prepayment for services. On September 25, 2007, a Kansas jury handed down a verdict finding that Vonage had infringed six Sprint patents.

This is great news for all Vonage customers. Looks like our phone lines will keep on working. The heavily beaten Vonage stock already rose by 44% today.
Via the Vonage site.

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<a href="/latest_stories/all/all/2" rel="author">Luigi Lugmayr</a>
Luigi Lugmayr () is the founding chief Editor of I4U News and brings over 15 years experience in the technology field to the ever evolving and exciting world of gadgets. He started I4U News back in 2000 and evolved it into vibrant technology magazine.
Luigi can be contacted directly at ml@i4u.com.

 

 

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