Huawei and Verizon (Engadget Parent Company) have completed their old patent disputes. The disagreement dated back to 2019 when Huawei said it was approaching Verizon about licensing several technologies. After almost a year of negotiations, talks between the two companies knocked down on January 21, 2020, and Huawei continued to submit several lawsuits against telecommunications in court around Texas. In the midst of disputes is 12 relevant standard patents that according to Huawei, Verizon uses its infrastructure. At that time, Verizon rejected lawsuits, claiming they were “no more than PR.”

Since it changed his tone. “Verizon was pleased with the settlement achieved with Huawei involving patent lawsuits. While the provisions of the resolution were not disclosed, our team did an extraordinary job carrying this protracted problem near,” said Verizon spokesman Rich Young said in a statement.

For Huawei, this is precisely the type of company expected by the company when announced at the beginning of 2021 which is planned to monetize its patent portfolio more aggressively. While the US and other parts of the world have forbidden it from their national 5G network, Chinese companies are ideally located to make money on license fees. It has one of the standard 5G standard patents from any company in the world. For this reason, estimating license strategies can help generate additional income of $ 1.3 billion between 2019 and the end of 2021.