Huawei asks Verizon to pay over US$1bn

Huawei Technologies has told the U.S. carrier Verizon Communications to pay licensing fees for more than 230 of its patents and is seeking more than US$1 billion in damages, reports Reuters.

The patents in question range from core network equipment, wireline infrastructure to internet-of-things technology.

Verizon spokesman Rich Young said: “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.”

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