Vonage ordered to pay Sprint $69.5 million, royalties on future revenues
Filed under: Misc. Gadgets
While there was once talk of just selling Sprint the keys to the (crumbling) Vonage offices, it’s pretty safe to say that those plans are no longer in the cards. Apparently, Vonage Holdings Corp. “was ordered in federal court to pay $69.5 million in damages for infringing on six telecommunications patents owned by competitor Sprint-Nextel,” and if that wasn’t punishment enough, “jurors ordered Vonage to pay a five-percent royalty on future revenues.” If you’ll recall, this isn’t the first time Vonage has had to cough up major quantities of dough after being sued for patent infringement, and although a spokesman for the firm “declined comment,” the company has already announced that it will “seek to overturn” the verdict.
Read - Vonage to pay Sprint $69.5 million
Read - Vonage to Appeal Court Decision in Sprint Patent Suit
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