NYSE:VZTelecom
Verizon Fractus Settlement Brings Clarity To IoT Antenna And Legal Risks
Verizon Communications (NYSE:VZ) has reached a settlement with Fractus, resolving a major patent infringement dispute over IoT antenna technology.
The agreement covers antenna designs used in connected devices for applications such as fleet management and asset tracking.
The settlement removes an ongoing legal overhang tied to Verizon's use of key infrastructure for its IoT and enterprise services.
For investors watching NYSE:VZ, the settlement arrives with the stock at a share price of...