Vonage pays Sprint $69.5 million fine

Vonage, one of the country’s biggest VoIP companies has been ordered to pay Sprint at least $69.5 million in fines and restitution. The judgement, handed down by a Federal Court judge references 6 major copyright infringements. Sprint, as the original owner of the aforementioned copyrights is entitled to immediate payment for damages already inflicted, as well as 5% of any future revenue that Vonage generates. We’re not accountants over here, but that’s a pretty significant portion of future profits. This settlement comes on the heels of a ruling earlier this year, granting Verizon a similar deal. Things aren’t looking so good for Vonage at the moment, now, are they?

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