Vonage, Sprint Settle Suit
The Internet phone provider Vonage on Monday settled its patent infringement lawsuit with Sprint for $80 million, the Associated Press reported. The move comes just over a week after a jury in Kansas City found that Vonage had infringed on Sprint’s patents, and ordered that Vonage pay $69.5 million in damages.
As part of the settlement, Sprint has licensed more than 100 patents for use by Vonage. According to the AP, the $80 million settlement price includes $45 million for the combination of a fully paid future license and prepayment for services, as well as $35 million for past use.
Vonage lost a similar suit earlier this year to Verizon, which has not been settled; Verizon has in the last year attempted on more than one occasion to prevent Vonage from signing up new customers, but it has thus far remained in business.