Google and Verizon Enter Into Global Patent License Agreement
December 16 2014 - 10:00AM
Business Wire
Verizon Communications Inc. and Google Inc. have entered into a
long-term patent cross-license agreement covering a broad range of
products and technologies. The agreement allows each company to
reduce the risk of future patent litigation.
“Verizon has long championed patent reforms and industry actions
that promote innovation,” said Verizon General Counsel Randal
Milch. “We look forward to striking similar deals with other
high-tech companies also concerned with the innovation tax that
patent trolls often collect."
“This cross license allows both companies to focus on delivering
great products and services to consumers around the world,” said
Kirk Dailey, Head of Patent Transactions at Google. “We're pleased
to enter into this agreement with an industry leader like Verizon,
and we welcome discussions with any company interested in a similar
arrangement."
About Google
Google is a global technology leader focused on improving the
ways people connect with information. Google’s innovations in web
search and advertising have made its website a top Internet
property and its brand one of the most recognized in the world.
Google’s patent portfolio of more than 50,000 patent assets is
ranked as one of the top patent portfolios in the high-tech
industry.
About Verizon
Verizon Communications Inc. (NYSE, Nasdaq: VZ), headquartered in
New York, is a global leader in delivering broadband and other
wireless and wireline communications services to consumer,
business, government and wholesale customers. Verizon Wireless
operates America’s most reliable wireless network, with nearly 99
million retail connections nationwide. Verizon also provides
converged communications, information and entertainment services
over America’s most advanced fiber-optic network, and delivers
integrated business solutions to customers in more than 150
countries, including all of the Fortune 500. A Dow 30 company with
nearly $116 billion in 2012 revenues, Verizon employs a diverse
workforce of 181,900. For more information, visit
www.verizon.com.
Verizon Communications Inc.Ed McFadden,
202-515-2441edward.s.mcfadden@verizon.comorGoogle Inc.Matt Kallman,
415-562-6288press@google.com
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