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Submission + - Vonage settles patent suit with Sprint (businessweek.com)

mytrip writes: "Internet phone company Vonage Holdings Corp. took a step back from the brink Monday, saying it has settled for $80 million a patent suit filed by Sprint Nextel Corp.

On Sept. 25, a jury in the U.S. District Court in Kansas City, Kan., found that Vonage infringed on six Sprint patents, and ordered Vonage to pay $69.5 million in damages.

Monday's settlement resolves all claims in the dispute, the companies said.

Sprint agreed to license Vonage its portfolio of more than 100 patents on connecting calls between a regular telephone network and a packet-switched network such as the Internet."

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Vonage settles patent suit with Sprint

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