Chinese telecommunications firm Huawei Technologies Co Ltd (HWT.UL) and U.S.-based Verizon Communications Group (VZ. N) agreed to settle patent infringement lawsuits, the two companies said monday.

The confidential settlement came days after a trial that began in one of the two lawsuits last week. Huawei and Verizon filed joint motions to dismiss both cases and Verizon's counterclaims sunday night in two U.S. courts in Texas.

Verizon Group said it was "pleased with the settlement reached with Huawei involving patent claims. While the terms of the settlement are not being disclosed, our team did an outstanding job in bringing this protracted matter to a close".

Huawei added in a statement that it was "pleased that Verizon and Huawei reached a settlement that ends the companies' patent litigation. The terms of the settlement are confidential.

The company noted that it "owns more than 100,000 active patents worldwide, including about 10,000 U.S. patents".

Verizon had filed counterclaims against Huawei last year, alleging that the chinese company infringed Verizon's patents.

Huawei mentioned in 2020 that it was "simply asking that Verizon respect Huawei's investment in research and development by paying for the use of our patents or refraining from using them".

In addition, Huawei has been a flashpoint in the U.S.-China relationship for several years. The U.S. placed the company on an economic blacklist in 2019 for what it said were national security concerns.

In june 2019, Reuters reported that Huawei told Verizon it would have to pay licensing fees for the use of more than 230 Huawei patents, and was seeking more than $1 billion.