Peace with Sprint

VoIP may have a future after all. VoIP provider Vonage has "settled its pending patent dispute with Sprint."

On top of that, it also "entered into licensing arrangement under Sprint's Voice over Packet patent portfolio," according to GigaOM.

Vonage will pay Sprint a total of $80 million to use its licenses. The settlement pushed Vonage shares up 73 percent to about $2 a share.

The VoIP provider faces an as-yet unresolved infringement case with Verizon going back to June, where the court asked Vonage to pay $66 million.