Vonage settles patent case with Sprint
Internet telephony provider Vonage said Monday that is has settled its patent dispute with Sprint Nextel.
The two companies have entered into a licensing arrangement that allows Vonage to use patents for voice over Internet Protocol, or VoIP, technology that are held by Sprint.
Vonage has agreed to pay Sprint a total of $80 million, according to the company. This includes $35 million for past use of the license, $40 million for a fully paid future license and $5 million in prepayment for services.
In September, a Kansas jury found that Vonage had infringed six Sprint patents. And it ordered … Read more