NEW YORK & MOUNTAIN VIEW, Calif. -- (Business Wire)
Verizon Communications Inc. and Google Inc. have entered into a
long-term patent cross-license agreement covering a broad range of
products and technologies. The agreement allows each company to reduce
the risk of future patent litigation.
“Verizon has long championed patent reforms and industry actions that
promote innovation,” said Verizon General Counsel Randal Milch. “We look
forward to striking similar deals with other high-tech companies also
concerned with the innovation tax that patent trolls often collect."
“This cross license allows both companies to focus on delivering great
products and services to consumers around the world,” said Kirk Dailey,
Head of Patent Transactions at Google. “We're pleased to enter into this
agreement with an industry leader like Verizon, and we welcome
discussions with any company interested in a similar arrangement."
About Google
Google is a global technology leader focused on improving the ways
people connect with information. Google’s innovations in web search and
advertising have made its website a top Internet property and its brand
one of the most recognized in the world. Google’s patent portfolio of
more than 50,000 patent assets is ranked as one of the top patent
portfolios in the high-tech industry.
About Verizon
Verizon Communications Inc. (NYSE, Nasdaq: VZ), headquartered in New
York, is a global leader in delivering broadband and other wireless and
wireline communications services to consumer, business, government and
wholesale customers. Verizon Wireless operates America’s most reliable
wireless network, with nearly 99 million retail connections nationwide.
Verizon also provides converged communications, information and
entertainment services over America’s most advanced fiber-optic network,
and delivers integrated business solutions to customers in more than 150
countries, including all of the Fortune 500. A Dow 30 company with
nearly $116 billion in 2012 revenues, Verizon employs a diverse
workforce of 181,900. For more information, visit www.verizon.com.
Contacts:
Verizon Communications Inc.
Ed McFadden, 202-515-2441
edward.s.mcfadden@verizon.com
or
Google
Inc.
Matt Kallman, 415-562-6288
press@google.com
Source: Google Inc.
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