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Patents have the presumption of validity. You can cry all you want but a patent examiner did indeed make an effort to judge if it was patentable or not. If the originators do something underhanded, like intentionally holding back prior art in their submission, they can be slapped VERY hard by the USPTO. Also, if you happen to want to judge a patent pay attention only to the claims. None of the remaining discussion is patented, the discussion only sets the stage for the claims. IANAL but I work with and around patents (and we have an awesome patent attorney).
Looks to me like a license fee is owed here (as we pay for several patent licenses) and this case has little to do with monopolies or stifling innovation. If the any other company disagrees they can try a court case or try to overturn the patent (less expensive). Both are expensive but so is developing a patentable technology and patenting it in a bunch of regions, so necessary today.
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