Monday, October 8, 2007

Vonage settles dispute with Sprint

Wireless telecoms carrier Sprint Nextel and Internet phone company Vonage said on Oct. 8 they had settled a patent dispute and entered into a licensing agreement.

A federal court jury found in September that Vonage had infringed Sprint patents and ordered Vonage to pay $69.5 million in damages.

Vonage said the agreement is valued at $80 million. Sprint will license its technology, which helps connect phone calls between Internet and telecoms networks, to Vonage.

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