Sunday, October 7, 2007

Vonage and Sprint Settle VoIP Patent Dispute for $80 Million

Vonage settled its pending patent dispute with Sprint and entered into a licensing arrangement valued at $80 million. The fee includes $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.

http://www.vonage.com

http://www.sprint.com

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