Home / Business / Huawei calls for Verizon for $ 1B in patent license fees

Huawei calls for Verizon for $ 1B in patent license fees



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Huawei is looking 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 charges are for use by over 230 network cartridges, Reuters says Wednesday, referring to a source.

Verizon makes use of equipment through other companies based on Huawei patents covering core networks, internet technology, and wireless infrastructure. Verizon and Huawei representatives met last week in New York to talk about whether the tool could break the Huawei patent, Reuters said.

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

Neither Huawei nor Verizon responded immediately to the request for comment.

The United States Huawei's Black Listed Networking Equipment in May and President Donald Trump signed an executive order that essentially forbids the company in the light of the national security issues closely associated with Huawei with the Chinese government, a charge the company has repeatedly denied.

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

Since Wednesday, Huawei confirmed CNET that it is protesting against US ex-memorandum to the Federal Communications Commission.


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