Yesterday, a federal court jury ruled in favor of Cox Communications after deciding the cable operator hadn’t infringed on six of Verizon’s VoIP-related patents.
Verizon’s patent infringement lawsuit case, which was heard in the U.S. District Court for the Eastern District of Virginia, sought $404 million in past damages from Cox.
"We remain deeply committed to providing our customers high-quality phone service at a great value and look forward to competing vigorously with Verizon in the marketplace, not the courtroom," the company said in a statement in a Reuters story.
Verizon was successful in a similar lawsuit against VoIP provider Vonage, which resulted in a $117.5 million settlement.
“Despite the decision, we believe our patents were infringed,” Verizon said in a statement. “We will continue to innovate and protect our intellectual property.”
According to The Wall Street Journal, Verizon hasn’t decided whether it will appeal.
Verizon also announced that it has reached an agreement with Comcast, whereby the two companies have agreed not to sue each other for five years.
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