Vonage says FTC drops 911 inquiry
Internet phone company Vonage Holdings Corp. said on Thursday that the U.S. Federal Trade Commission has ended its investigation of Vonage's emergency 911-related disclosure and compliance without taking any formal action.
The FTC opened an informal investigation into Vonage's 911 and telemarketing compliance in January 2005, it said. Vonage shares have fallen more than 30 percent since its market debut last month at $17. It last traded down 29 cents at $11.70.
Source: Reuters
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