VZW inks deal with Broadcom, won't fight ITC ban

Verizon Wireless has inked a deal with Broadcom and will no longer fight to overturn the ITC ban on Qualcomm's chips and certain mobile phones. Under the agreement, Verizon Wireless will pay Broadcom $6.00 for each 1xEV-DO handset, PDA or data card sold after the effective date, with a maximum payment of $40 million per calendar quarter and a lifetime maximum payment of $200 million. The agreement also provides Verizon a license to the six Broadcom patents currently being litigated between Broadcom and Qualcomm.

"We are pleased to have worked out an agreement with Broadcom to ensure continued delivery of new and innovative products to our customers," said Lowell C. McAdam, President and Chief Executive Officer of Verizon Wireless. "A market-based solution, like the one our two companies have announced today, is the most effective way to resolve these kinds of intellectual property issues."

"We did this to create certainty for our customers. We wanted to take them out of the middle of this patent dispute," Nancy Stark, Verizon Wireless spokeswoman told FierceWireless. "We made sure our supply chain wouldn't be interrupted."

-release

Sponsored by ADI

What if we were never truly alone? Our next-gen communications technology can help people in even the most remote places stay connected.

What if there were no ocean, desert, mountain or event that could ever keep us from telling our stories, sharing discoveries or asking for help? ADI’s next-gen communications technology could keep all of us connected.

Suggested Articles

The FCC has once again determined that SNR Wireless and Northstar Wireless are ineligible for about $3.3 billion in bidding credits.

Nokia’s corporate technology chief and head of Bell Labs Marcus Weldon is stepping down.

Mint Mobile, the MVNO made famous by actor Ryan Reynolds, expanded its partnership with Best Buy.