Vonage has ended patent battle with AT&T and agreed to pay $39 million over five years as part of the settlement. It is the third major settlement by Vonage. The first two settlements were with Sprint Nextel and Verizon.
The American telecom giant, AT&T had sued Vonage last month in the U.S. District Court of the Western District of Wisconsin claiming illegal use of their wide-area packet technology system by the VoIP pioneer.
Vonage, which has now more than 2.2 million residential customers, has faced massive loss in the third quarter on account patent disputes with telecom companies. It agreed to pay $120 million to Verizon and $80 million to Sprint Nextel last month.
The latest settlement was done as Vonage declared their third quarter results. The company has conceded net loss of $168.8 million. It spent more than $133 million in legal battles.
Vonage ends legal dispute with AT&T
Vonage has ended patent battle with AT&T and agreed to pay $39 million over five years as part of the settlement. It is the third major settlement by Vonage. The first two settlements were with Sprint Nextel and Verizon.
The American telecom giant, AT&T had sued Vonage last month in the U.S. District Court of the Western District of Wisconsin claiming illegal use of their wide-area packet technology system by the VoIP pioneer.
Vonage, which has now more than 2.2 million residential customers, has faced massive loss in the third quarter on account patent disputes with telecom companies. It agreed to pay $120 million to Verizon and $80 million to Sprint Nextel last month.
The latest settlement was done as Vonage declared their third quarter results. The company has conceded net loss of $168.8 million. It spent more than $133 million in legal battles.