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Home / Business / Huawei eventually chases Verizon for $ 1B in patent licensing fees

Huawei eventually chases Verizon for $ 1B in patent licensing fees



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Huawei is seeking the demand for some big money from Verizon.


Angela Lang / CNET

Huawei wants more than $ 1 billion in patent licensing fees from Verizon, according to a report. The fees apply to the use of over 230 network equipment, says Reuters, Wednesday, referring to a source.

Verizon allegedly uses equipment through other companies that rely on Huawei patents covering network equipment, Internet of thing technology, and cable devices. Verizon and Huawei representatives met last week in New York to talk about whether the equipment could offend Huawei patents, Reuters said.

"These issues are bigger than just Verizon," a Verizon spokesman told Reuters. "Given the broader geopolitical context, every problem involving Huawei has implications for our entire industry and also claims national and international concerns."

Neither Huawei nor Verizon responded immediately to comment requests.

The US Blacklisted Huawei networking equipment in May and President Donald Trump signed an executive order that essentially prohibits the company in light of national security issues that Huawei was closely associated with the Chinese government, an amount the company has repeatedly refused.

On Wednesday, the credit rating agency S & P Global said the impact on the technology industry of the Huawei ban in the US "may be broad-spectrum", including enhancing the growth of US technology companies.

Since Wednesday, Huawei confirmed to CNET that it is protesting against the US ban on an ex-parte note to the Federal Communications Commission.

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