Verizon said it was "happy with the settlement reached with Huawei involving patent lawsuits. While terms of the settlement are not being disclosed, our team did an outstanding job bringing this protracted matter to a close."
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Chinese telecommunications company Huawei Technologies Co Ltd (HWT.UL) and U.S. group Verizon Communications (VZ.N) agreed to settle a pair of lawsuits alleging patent infringement, the companies both said on Monday.
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