Freedom Wireless has resolved its alleged patent infringement issues with Virgin Mobile USA without having to go to court. The two sides have come together to forge a licensing agreement. The companies did not reveal the financial terms of the pact, but said the royalty-bearing licensing deal involved certain prepaid wireless systems and methods. "This agreement allows both companies to move ahead with our business goals without litigation," said Virgin Mobile USA CEO Dan Schulman in a prepared statement. In July, Boston Communications Group Inc. (bcgi) settled its long-standing legal battles with Freedom Wireless. The agreement between the two companies called for bcgi to pay Freedom Wireless $55 million. As with the deal reached with Virgin, the bcgi settlement also included a licensing agreement.

Posted by GEN-ERIC at 12:02:36 am into the following categories: In The News

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