Vonage Reaches Tentative Settlement With AT&T
By Todd Spangler published
Vonage Holdings said Thursday it reached an agreement “in principle” with AT&T to settle the patent-infringement lawsuit the phone company filed, under which Vonage would pay $39 million over five years to AT&T.
In the past month, Vonage has settled similar patent litigation with both Verizon Communications and Sprint Nextel.
Vonage disclosed the settlement discussions with AT&T in announcing third-quarter earnings. AT&T sued Vonage Oct. 17 in the U.S. District Court for the Western District of Wisconsin, alleging the Internet-phone provider infringed on Patent No. 6,487,200, titled “Packet Telephone System.”
Vonage noted that “if negotiations of a definitive settlement agreement [with AT&T] fail, then Vonage intends to vigorously defend itself in this matter.”
The smarter way to stay on top of the multichannel video marketplace. Sign up below.
Thank you for signing up to Multichannel News. You will receive a verification email shortly.
There was a problem. Please refresh the page and try again.