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Huawei wants Verizon to pay 1 billion for compensation

Huawei wants Verizon to pay $1 billion for compensation

Huawei slapped a $1 billion compensation claim on US operator Verizon covering licensing fees for additional than 230 of its patents. The Chinese vendor issued its claim in February, asking Verizon to cough up to “solve the patent licensing issue” what relates to core and wireless network gear, together with IoT equipment as stated by to a report from the Wall Street Journal.

Huawei wants Verizon to pay $1 billion for compensation

Verizon doesn’t directly use Huawei equipment, however reportedly depends on 20 vendors that use Huawei technologies, and the Chinese company’s patent claim in this regard covers properties like network products and wireless tech. According to sources that The New York Times talked to, on the condition of anonymity, the patent claims made by Huawei would quantity to over $1 billion in total.
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Representatives for Huawei and Verizon met last week in Fresh York to discuss few of the patents at issue. A Verizon spokesperson told the New York Times that the manufacturer had no comment on the matter, but added that “these issues are larger than just Verizon.” He In addition added, “Given the broader geopolitical context, any problem! involving Huawei has implications for our entire industry and also raise national and international concerns.”

The United States last month put Huawei on a blacklist that barred it from doing business with U.S. companies on security grounds with no government approval, prompting some global tech firms to cut ties with the world’s largest telecoms equipment maker. This has put a massive strain on the company, though they’ve been slowly recovering ground like of late.

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