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Sprint and Comcast reportedly reached a $250 million settlement in a lawsuit over patented technology for internet-based phone services.

Sprint, which argues that one of its engineers developed the technology for internet phone service in the 1990s, sued several companies in past years for violations of about 120 related patents.

Its lawsuit against Comcast, filed in 2011, reportedly sought nearly $1 billion in damages related to the cable giant's Xfinity Voice and Digital Voice services, which are packaged with its internet and TV offerings.

The lawsuit was scheduled to go to trial last week in Kansas federal court, but The Philadelphia Inquirer reported that the companies agreed to a settlement earlier this month.

A filing with the Securities and Exchange Commission last week revealed the settlement amount, the Inquirer added.

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