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Vonage Settles Patent Suit With Sprint-Nextel

Posted by ScuttleMonkey on from the money-can-soothe-a-lot-of-hurt-feelings dept.

mytrip writes to tell us that Vonage has been able to settle their patent differences with Sprint-Nextel for a mere $80 million. This settlement resolves all pending claims by Sprint-Nextel as well as licensing Vonage to use over 100 patents and a $5 million advance in prepayment for services.

2 of 45 comments (clear)

  1. Makes sense for Sprint by Anonymous Coward · · Score: 4, Insightful

    It was smart to settle now and get some money than to wait it out in the courts while Vonage slowly goes out of business.

  2. Next up: Bankruptcy by mind21_98 · · Score: 4, Insightful

    You know it's going to happen. And then Sprint Nextel and the other carriers will be congratulating themselves at maintaining the hold they have on telecom. :(

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