Reuters: Frontier Communications Corporation and Ronald A. Katz Technology Licensing, L.P. Settle
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Started by: zoobabzoobab
Date: 29 Dec 2008 13:04
Number of posts: 1
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Summary:
Frontier Communications Corporation (NYSE:FTR) and Ronald A. Katz Technology Licensing, L.P., headquartered in Los Angeles, announced today the settlement of patent litigation between the parties. As part of the settlement, Frontier Communications Corporation has agreed to pay an undisclosed sum for a nonexclusive license under a comprehensive portfolio of patents that Katz owns relating to interactive voice applications. The patents held by Ronald A. Katz Technology Licensing, L.P. cover a wide range of interactive technology including automated forms of: customer service, prescription refill services, securities trading, merchandising, prepaid services, telephone conferences, registration, home shopping, as well as functions involved in securing information from databases by telephone, interactive cable transactions, and various other uses of toll free and local numbers.
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