Edition:
United States

Bandwidth - Unit, Co And Verizon Services Entered Settlement Agreement


Friday, 9 Feb 2018 08:43am EST 

Feb 9 (Reuters) - Bandwidth Inc ::BANDWIDTH SAYS ON JAN 29, UNIT, CO AND VERIZON SERVICES, ON BEHALF OF ITSELF AND RELATED ENTITIES, ENTERED INTO SETTLEMENT AGREEMENT - SEC FILING.BANDWIDTH SAYS PURSUANT TO SETTLEMENT AGREEMENT, VERIZON MADE A $4.4 MILLION LUMP SUM PAYMENT TO CO ON FEB 8.BANDWIDTH SAYS ENTERED SETTLEMENT AGREEMENT TO RESOLVE ONGOING DISPUTE, LITIGATION WITH VERIZON, WHICH IS CARRIER ACCESS BILLING CUSTOMER OF CO.BANDWIDTH - SETTLEMENT AGREEMENT ALSO RESOLVED VERIZON'S COUNTER-CLAIMS AGAINST CO.BANDWIDTH - FOLLOWING LUMP SUM PAYMENT, CO WILL ISSUE TO VERIZON BILL CREDITS WITH RESPECT TO OTHER CABS AMOUNTS PREVIOUSLY BILLED TO VERIZON.