Vonage ordered to pay Sprint $69.5 million, royalties on future revenues

September 25th, 2007 | Category: 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 whether that wasn’t punishment abundant, “jurors ordered Vonage to pay a five-percent royalty on future revenues.” whether you’ll recall, that

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
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