Verizon Communications and Comcast, two fierce competitors in the increasingly overlapping telecom and cable markets, have signed an agreement to refrain from suing one another over intellectual property for the next five years.
The deal, which covers thousands of telephone, data, and television patents held by the two companies, is not equivalent to a licensing agreement, according to executives familiar with the pact. Both parties reserve the right to seek historic damages from the other after the contract expires, dating back to the time at which the contract was signed.
Under the deal, Comcast has agreed to purchase Verizon Wireless services for its employees, spending at least $90 million (and possibly much more) over the next five years.
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| Comcast Offers Special Triple-Play Discount in San Francisco
11/07/2006
America`s biggest cable company, Comcast, has decided to aggressively increase its competitive advantage in the San Francisco Bay area by offering its entire triple play bundle for just $99/month.Customers who bundle Comcast Digital Cable service (with video-on-demand)... |
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| Verizon Plans to Spin Off or Sell Telephone Directory Business
08/07/2006
Verizon Communications announced yesterday that it plans to either sell or spin off its telephone directory business by the end of this year, reflecting its desire to refocus efforts on broadband and wireless services.The telecom giant has filed a registration form... |
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| Cable-Telecom Competition is “Intense,” Says Comcast Marketing Exec
02/08/2006
Comcast marketing president, Marvin Davis, agrees with the industry consensus that competition will continue to intensify between cable and telephone providers.When asked how the communication market`s competitive landscape has changed in the past year, Davis commented... |
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| Verizon Imposes New Surcharge on DSL Customers
24/08/2006
U.S. telecom provider, Verizon Communications, has announced a new surcharge on all DSL subscriptions, which will be roughly equivalent to the Universal Service Fund fees that were until recently imposed on broadband internet customers.USF fees of $1.25 to $2.83 per... |
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