Vonage and AT&T settle patent dispute

NEW YORK (Reuters) - Digital phone service Vonage (VG.N) said on Friday it has settled a patent dispute with AT&T (T.N).

Vonage was hit by a string of patent suits since going public in May 2006. It settled a suit with Sprint Nextel (S.N) and another one with Verizon Communications Inc (VZ.N) in October.

AT&T sued the company, accusing it with using packet-based telephony products, which allows voice conversations to be carried over the Internet, based on products that use technology covered by AT&T patents.

Vonage did not disclose the nature of the settlement, which it said occurred on November 7. The settlement was finalized on Friday.

(Reporting by Kenneth Li, editing by Richard Chang)