Verizon has struck a deal with Huawei over a disagreement over the patent

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Huawei and Verizon (the parent company of Engadget) have resolved their long-standing patent dispute. The disagreement dates back to 2019 when Huawei said it had approached Verizon about licensing some of its technologies. After nearly a year of negotiations, negotiations between the two companies were suspended on January 21, 2020, and Huawei resumed file multiple lawsuits against telecoms in courts across Texas. At the center of the feud were 12 patents relevant to the standards Huawei said Verizon uses in its infrastructure. At the time, Verizon dismissed the lawsuits, arguing they were “nothing more than a PR stunt.”

He has since changed the tune. “Verizon is pleased with the settlement reached with Huawei, which includes patent lawsuits. Although the terms of the settlement are not disclosed, our team has done an excellent job of putting an end to this long-running affair, ”Verizon spokesman Rich Young .

For Huawei, this is exactly the outcome the company had hoped for when it announced in early 2021 that it was planning more aggressively monetize your patent portfolio. Although the U.S. and other parts of the world have banned it from accessing its national 5G networks, the Chinese company is ideally positioned to make money from licenses. It has one of the most important 5G patents of any company in the world. To that end, he estimated that the licensing strategy could help him generate as much as $ 1.3 billion in additional revenue between 2019 and the end of 2021.

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