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.
The $80 million Vonage agreed to pay consists of $35 million for past use of the patents, $40 million for a fully paid future license, and $5 million in prepayment for services.
Vonage's stock rose in Monday trading, but there is still the issue of Vonage's case with Verizon, so hold onto your phones, er, hats!
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