Verizon Renders Payment to Broadcom, Enters Into Strategic Alliance

Verizon has struck an agreement with Broadcom to use the powersaving
patents found in Qualcomm chipsets, effectively allowing Verizon to develop
and import new devices.

The agreement is set at $6 per device at at a cap of $40 million per
quarter leading to a maximum lifetime payment of $200 million while Verizon will
cease efforts to overturn the ban by the ITC and halt support for
development of a workaround to the infringing patents with Qualcomm. Other terms of the agreement remain confidential.

As a part of this new agreement Verizon and Broadcom will work together on
development of implementations of Bluetooth, Wi-Fi, Multimedia over Cable, DSL equipment, set-top boxes, and GPS technologies through a strategic alliance.

Press Release (Verizon)