"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."