HOLMDEL, N.J., Dec. 31 /PRNewswire-FirstCall/ -- Vonage and Nortel
today announced that they have agreed in principle to end the litigation
pending between them. The contemplated settlement involves a limited cross
license to three Nortel and three Vonage patents and will not call for any
monetary payments by any party. Claims relating to past damages and the
remaining patents will be dismissed without prejudice. The settlement is
subject to final documentation.
"We are pleased to resolve this issue and enter into a productive
relationship with Nortel," said Vonage Chief Legal Officer Sharon O'Leary.
Vonage (NYSE: VG) is a leading provider of digital phone services with
over 2.5 million subscriber lines. Our award-winning technology enables
anyone to make and receive phone calls with a touch tone telephone almost
anywhere a broadband Internet connection is available. We offer
feature-rich and cost-effective communication services that offer users an
experience similar to traditional telephone services.
Our Residential Premium Unlimited and Small Business Unlimited calling
plans offer consumers unlimited local and long distance calling, and
popular features like call waiting, call forwarding and voicemail -- for
one low, flat monthly rate. For more information about Vonage's products
and services, please visit http://www.vonage.com.
Vonage Holdings Corp. is headquartered in Holmdel, New Jersey.
Vonage(R) is a registered trademark of Vonage Marketing Inc., a subsidiary
of Vonage Holdings Corp.