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DeAngelo Williams JerseyVodafone shareholders will finally receive a return on the company's investment in Verizon Wireless after the US telecoms firm approved the payment of a $10bn (￡6.1bn) dividend. Vodafone owns a 45% stake in Verizon, and so will receive $4.5bn, due to be paid on 12 January next year. Shareholders will then get a special dividend of ￡2bn, equivalent to 4 pence a share, in February, the company said. The balance of the dividend will be used to reduce debt levels. This is the first dividend Vodafone shareholders will have received from Verizon.tiffany necklace on sale "Our long term partnership in Verizon's strong and successful wireless business has seen the value of our investment increase significantly over recent years," said Vittorio Colao, Vodafone's chief executive. "The dividend from Verizon Wireless allows us not only to reward our own shareholders with an immediate and sizeable cash return, but also to continue to reinvest in our business. Last week, Vodafone reported a small rise in quarterly service revenues, as weak trading in southern Europe was offset by strong growth in India and Turkey. Cheap Pandora Charms The company also confirmed its outlook for the full year, which had previously been stated as an adjusted operating profit of between ￡11bn and ￡11.8bn. Music service Spotify is being sued in the US and Europe for allegedly violating patents held by PacketVideo. The lawsuit claims that Spotify has violated at least two patents owned by PacketVideo that cover methods of streaming music over data networks. The legal action comes barely two weeks after Spotify launched a US version of its music streaming service. Ugg Ultra Short Boots UK-based Spotify said it would "strongly contest" the claims PacketVideo made in its lawsuit. Tangled patents Court papers that kicked off the legal action were filed by PacketVideo lawyers on 28 July. The patents in question were filed in 1995 and became the property of PacketVideo when it bought Swiss-based SDC AG in 2007. PacketVideo has filed legal papers in San Diego and the Netherlands. It said the lawsuit had been filed following attempts to "amicably resolve" the dispute over the patents outside the court. Deion Sanders Jersey "PacketVideo has a strong intellectual property portfolio, and will take any necessary action needed to protect its intellectual property and prevent the misuse of its patents," said Joel Espelien, PacketVideo's general counsel in a statement. In response, Spotify said in a statement that its success was due to its "highly innovative, proprietary hybrid technology that incorporates peer-to-peer technology". "PacketVideo is claiming that by distributing music over the internet, Spotify (and by inference any other similar digital music service) has infringed one of the patents that has previously been acquired by PacketVideo," it added. "Spotify is strongly contesting PacketVideo's claim." tiffany rings on sale The lawsuit is the latest in a growing number of patent wrangles that have set tech firms against each other. Apple, Nokia, HTC, Google, Oracle, Samsung, Electronic Arts, AT&T and many others are all fighting or have launched, sometimes simultaneously, legal action over patents. In addition, many firms who claim to own patents but have never turned them into working code or gadgets are also suing tech firms for infringing on their intellectual property. The situation led Kent Walker, Google's top lawyer, to decry the "explosion in patent litigation" which "threatens to stifle innovation". tiffany necklace