Oct
8
Vonage Settles Patent Lawsuit
October 8, 2007 |
Looks like Vonage and Sprint worked out a deal:
Internet phone company Vonage Holdings Corp. on Monday took a step back from the brink, saying it has settled for $80 million a patent suit filed by Sprint Nextel Corp.
On Sept. 25, a jury in the U.S. District Court in Kansas City, Kan., found that Vonage infringed on six Sprint patents, and ordered Vonage to pay $69.5 million in damages.
Monday’s settlement agreement resolves all claims in the dispute, the companies said.
Overland Park, Kan.-based Sprint agreed to license Vonage its portfolio of more than 100 patents on connecting calls between a regular telephone network and a packet-switched network such as the Internet.
One just has to wonder if Vonage can survive this…
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