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Huawei wants Verizon to pay $1 billion for its patents

June 13, 2019

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Reuters is citing an unnamed source who claims to be familiar with the matter regarding a new patent dispute. Huawei is allegedly asking Verizon to pay licensing fees for more than 230 of its patents, with the amount going as high as $1 billion.

The patents in question relate to network equipment used by more than 20 of the company’s vendors, the report suggests, “including major U.S. tech firms but those vendors would indemnify Verizon”, said a Huawei intellectual property licensing executive.

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