Vonage and Nortel settle patent dispute

December 31, 2007

Jeffrey Citron, Chairman and CEO of Vonage, picutred in New York, December 1, 2006. Vonage on Monday said it settled a patent dispute with Nortel. (Brendan McDermid/Reuters)Reuters - Internet-based calling company Vonage
Holdings Corp said it has agreed to settle a patent
dispute with Nortel Networks with no payment of
damages, sending its share up more than 8 percent.

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