Verizon to pay $1 billion for over 230 patents of Huawei

Huawei has told Verizon, one of the biggest telecoms in the US, that it should pay $1 billion as licensing fees for more than 230 of Huawei’s patents.

Who benefits from the US restrictions on Huawei?

An executive from Huawei intellectual property licensing wrote to Verizon in February, that Verizon should pay to “Solve the patent licensing issue” according to the people related with this story, reported WSJ.

“We trust that you will see the benefit of taking a license to our patent portfolio,” said the letter. As these patents also cover network equipment for than 20 of the company’s vendors including major US tech firms.

These patents include core network equipment, wireline infrastructure, and internet-of-things technology, the licensing fee for more than 230 patent is over $1 billion.

The patents at issue span core network equipment, wireline infrastructure, and internet-of-things technology, and the matter could impact several of Verizon’s vendors

Back in May, the US restricted Huawei from doing business with American firms, later on, the Huawei filed a legal suit to terminate for this ban in the US court.