Virgin Mobile USA Settles Freedom Wireless Patent Suit

Law360, New York (October 16, 2006, 12:00 AM EDT) -- Virgin Mobile USA settled an outstanding patent dispute with Freedom Wireless Inc. on Friday, becoming the latest telecommunications company to end its legal woes over prepaid phone services.

Under the terms of the settlement, the two companies resolved all claims of past infringement. In addition, Freedom Wireless granted Virgin Mobile a royalty-bearing license to use the patents relating to prepaid wireless.

"Over an extended period, Freedom and Virgin Mobile have negotiated in good faith to reach a settlement and license agreement that is acceptable to both...
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