Nortel settles patent suit with Australian company Ipernica for $13.3 million

March 25, 2008 - Nortel has agreed to pay Ipernica, a tech-incubator company in Perth, Australia, $13.3 million as part of a settlement. Ipernica earlier settled with Juniper Networks, Cisco and Alcatel Lucent.

Ipernica claimed in its suit that Nortel and the other companies were using its Statistical Multiplexing (Stat Mux) technology without permission. Ipernica is currently suing seven more companies - including Ericsson and Nokia - for patent infringement in a lawsuit known as "Stat Mux II."