Huawei wants Verizon to pay $1 billion for 230 patents

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Huawei wants Verizon to pay $1 billion for 230 patents

World’s No. 1 telecom equipment maker, which had suffered terribly as collateral damage amid an exasperating Sino-US trade spat, currently facing a US ban aimed to cripple its global operation, the Huawei Technologies Co.

Ltd. had told Verizon Communication Inc. that the No. 1 US wireless carrier should pay off licensing fee of more than 230 patents to the Chinese telco gear maker, while a person familiar with the subject matter had revealed on Wednesday, the 12th of June 2019, that, Huawei had been seeking more than $1 billion for these patents.

The patents, which became subject to licensing fees raised questions over the fate of Verizon’s core networking equipment, internet-of-things (IOT) technology alongside wireline infrastructure, Wall Street Journal had reported earlier this year.

Latest development of a rattling battle between Huawei and United States had remarked that after a period of six months of tolerance following Huawei founder’s daughter’s arrest and detention in Canada over a US extradition request and a ban to prevent Huawei’s access into US markets, Huawei had begun to pour scorn over the its war against United States government.

Adding that the latest call of Huawei goes beyond Verizon and could compromise entire US telecommunication networks, a spokeswoman for Verizon communications said in terms of anonymity, given the extent of vulnerability regarding the subject-matter, “These issues are larger than just Verizon.

Given the broader geopolitical context, any issue involving Huawei has implications for our entire industry and also raise national and international concerns”.