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Vonage and Nortel settle patent dispute

Written by Andre Yoskowitz (Google+) @ 31 Dec 2007 17:47 User comments (1)

Vonage and Nortel settle patent dispute The popular VoIP company Vonage has announced that it has settled ongoing patent disputes with Nortel Networks without paying out any monetary damages, sending its stock surging over 8 percent.
The settlement puts to rest the last of four major suits against Vonage. Earlier this year the company settled with AT&T, Verizon and Sprint Nextel.

"This is the last of them and we're quite happy to put it behind us,"
Vonage spokesman Charles Sahner said.

Vonage said the "settlement involves a limited cross license to three Nortel and three Vonage patents and will not call for any monetary payments by any party."

The disputes were centered on patents behind click-to-call technology as well as the patents on "911" and "411" call numbers.

Source:
Yahoo

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1 user comment

12.1.2008 21:55

Seems they kissed and made up :)

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