Transfin.

Verizon Slams Huawei's Lawsuit Against It, Calling it a PR Stunt

Verizon has slammed Huawei’s lawsuit against it, tagging it a “PR stunt”, claiming that it is a “sneak attack on our company and our nation."

 

TECH

Verizon slams Huawei’s lawsuit against it, calling it a “PR stunt.

Blame Game

Chinese telecommunications giant Huawei had filed two lawsuits against US carrier Verizon in US courts on Thursday, seeking compensation for alleged unauthorized use of Huawei patents for optical transmission, digital communications and related services.

 

Hitting back, Verizon has slammed Huawei’s lawsuit against it, tagging it a “PR stunt”, claiming that it is a “sneak attack on our company and our nation.” [CNBC]

 

Zooming Out

The US has barred Huawei from supplying core equipment to major US carriers on the pretext of threat to national security. Hence the Chinese technology company currently has  very limited presence in the US. Nevertheless, Huawei's technology has found its way into the US network because Verizon buys telecommunications equipment that uses the Chinese company's technology from other vendors. Some of that equipment, according to Huawei, doesn't have cross-license agreements. 

 

Huawei claims it has been trying to negotiate royalty payments with Verizon “for a significant period of time” but the two sides were unable to reach an agreement.

 

ShareChat eyes fantasy sports market in India.

A Figment of Imagination

Vernacular social networking app, ShareChat after gaining immense popularity in the Indian market is now eyeing to enter the fantasy sports market.

 

ShareChat has reportedly developed a fantasy sports app - Jeet11, which allows betting on cricket and football matches. ShareChat has reportedly been testing the app for six months now and has over 120K registered users.

 

Since fantasy gaming apps aren’t allowed on Google Play Store, ShareChat is distributing Jeet11 via the website as Xiaomi’s GetApps app store. [TechCrunch]

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