Huawei wants more than $1 billion in patent licensing fees from Verizon, according to a report.

The fees are for the use of over 230 networking-gear patents, Reuters said Wednesday, citing a source.

Verizon is reportedly using equipment through other companies that relies on Huawei patents covering core networking gear, internet of things technology and wireline infrastructure.

Verizon and Huawei representatives met last week in New York to talk about whether the gear could infringe on Huawei patents, Reuters said.

"These issues are larger than just Verizon," a Verizon spokesman told Reuters.

"Given the broader geopolitical context, any issue involving Huawei has implications for our entire industry and also raises national and international concerns."

The text above is a summary, you can read full article here.