Sep 25, 2007
Vonage Ordered To Pony Up $69.5 Million To Sprint
That’s gonna leave a mark. Apparently Vonage infringed upon six of Sprint Nextel’s patents, which is a big, expensive no-no. Sprint will receive $69.5 million plus 5 percent of Vonage’s future revenue.
Earlier this year, Vonage lost a cool $58 million, plus 5.5% future royalties to Verizon. That now seems somewhat tame. All told, that brings the grand total to $127.5 million plus 10.5% of all future revenue that Vonage is going to have to dish out. Guess who might be picking up some or all of that bill? Vonage customers.
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