Vonage Surpasses 2 Million Subscribers
Editor's Note: I hope this signals a turn around from all the mishaps so far. I am hoping Vonage doesn't go down in a blazing ball of fire. We need people like Vonage to put pressure on the baby bells to keep pricing low.
Vonage said Tuesday it had surpassed the two million customer mark, maintaining its position as the largest American VoIP communications provider. However, the company's recent disaster surrounding its IPO, along with slowing subscriber additions, have analysts saying that the company may be in for some rough times ahead.
The company ended the second quarter with 1.8 million lines of service. A UBS research report said that this represented a slowdown from 2,800 new adds per day to 2,200. Analysts have further said that competition from cable providers like Comcast, as well as smaller firms who are undercutting Vonage's prices, may begin to drag on the company's bottom line.
Source: Beta News