Verizon sits with Huawei on the disagreement of the patent

Verizon sits with Huawei on the disagreement of the patent

Huawei and Verizon (the Matrix company of Engadget) has solved its long-standing patent dispute. Disagreement goes back to 2019 when Huawei said he approached Verizon about the license of some of his technologies. After almost a year of negotiations, the talks between the two companies broke on January 21, 2020, and Huawei continued to present multiple demands against telecommunications in the Texas courts. In the center of the dispute, there were 12 relevant patents for the standards that Huawei said that Verizon was using in his infrastructure. At that time, Verizon dismissed the judgments, affirming that they were “nothing more than a trick of public relations”.

Since then, his melody has changed. “Verizon is happy with the settlement achieved with Huawei that involves patent demands. While the terms of the settlement have not been disclosed, our team did an outstanding job that contributed this prolonged matter,” said Verizon’s young spokeswoman, in a release.

For Huawei, this is precisely the type of result that the company had expected when it announced at the beginning of 2021 that he planned to monetize his patent portfolio more aggressively. While the United States and other parts of the world have been prohibited from its 5G national networks, the Chinese company is ideally located to earn money with license fees. It has among the relevant patents of the rules related to most of the 5 g of any company in the world. To this end, he considered that the licensing strategy could help him generate up to $ 1.3 billion in additional income between 2019 and the end of 2021.

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