Vonage
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Vonage is Still Kicking
2/25/10 at 10:34 AM by Bernie Arnason
VoIP pioneer Vonage is still alive and kicking. In fact, they made a profit in 4Q09, their first profitable quarter for the year. Considering Vonage has been labeled “dead man walking” on more than ...
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Vonage Mobile App for iPhone, Smartphones Goes Live
10/5/09 at 10:04 AM by Telecompetitor
Vonage Mobile Provides International Calling at Low Rates through Wi-Fi and Cellular Networks
HOLMDEL, N.J., Oct 05, 2009 /PRNewswire-FirstCall via COMTEX News Network/ -- Today Vonage (NYSE: VG) launched Vonage Mobile, its first mobile calling application for smartphones. Vonage Mobile is a free downloadable application (app) that provides seamless, low-cost international calling while on Wi-Fi or cellular networks*. Once downloaded, the ...
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Vonage Keeps Hanging On
5/8/09 at 7:12 AM by Telecompetitor  Give Vonage some credit. Many an obituary has been written about the company, yet they keep hanging on. Vonage's latest financial results even reveals a $5 million profit, although it came about from a unique occurrence – a $13 million mark-to-market adjustment associated with a derivative liability on its convertible debt – whatever that means. The bring-your-own-broadband VoIP services provider lost 6,000 subscribers in 1Q09, ending ...
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Vonage Attempts to Bridge Home Phone and Softphone
7/28/08 at 10:46 PM by Telecompetitor Vonage launched VonagePro which allows customers to utilize a Vonage softphone in synch with their home phone. VonagePro keeps customers “connected” by allowing simultaneous ring of a customer’s home phone and softphone. The softphone client, branded as Vonage Companion, resides on a customer’s PC or laptop and can make and receive telephone calls. The softphone can be tied to an existing home phone number. ...
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Vonage Gets Another Temporary Lifeline
7/24/08 at 11:00 PM by Telecompetitor Vonage has a deal in principle to refinance the debt that is threatening to bankrupt the company later this year in December. A new financing deal structure will be lead by Silver Point Finance. It’s a fairly complex deal, requiring Vonage to gain additional financing to cover the total $253 million in debt coming due this December. Under the agreement, Silver Point will provide $125 million, and will ...
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Comcast and Vonage Shake Hands on Network Management
7/9/08 at 1:51 PM by Telecompetitor  Comcast and Vonage announced a “cooling off” agreement, where the two competitors will “address the reasonable network management of Internet services.” The move by Comcast is a response to their recent bandwidth throttling strategy, which raised eyebrows at the FCC. The throttling attempts were more targeted at peer-to-peer traffic generated through sites like Bittorrent. These type of traffic shaping tactics don’t bode well for ...
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Vonage Enters DSL Resale Business
5/9/08 at 8:53 AM by Telecompetitor Vonage announced they will begin marketing DSL service through a reseller arrangement with Covad. The new service will be branded Vonage Broadband, and is expected to be offered by the end of the year. Vonage will offer two DSL packages, one at 3 Mbps and another at 6 Mbps. Vonage states in their press release, “This offering will expand Vonage's competitive position in the marketplace by ...
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Vonage Thrown a Lifeline
4/27/08 at 8:39 PM by Telecompetitor  Vonage, the VoIP service provider pioneer, has apparently been given a lifeline by some unnamed financiers. Vonage has $253 million in debt due this coming December, and it’s widely believed that it could be a crippling blow to the company if not refinanced. Vonage reports that it has a letter of intent for new private debt financing for $215 million, which should conceivably be ...
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Vonage Outlook Getting Dimmer
3/24/08 at 10:18 AM by Telecompetitor The speculation of Vonage’s demise has been present almost since the company’s founding. There’s probably an odds book in Vegas on the subject. The Wall Street Journal is adding some fuel to the speculation with a recent article that highlights the latest concern. Vonage’s auditor, BDO Seidman LLP is raising “substantial doubt” about their ability to continue as a going concern. The doubt comes in large part ...
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Vonage Finally Wins One, Escapes USF Mandate
3/5/08 at 7:26 AM by Telecompetitor Vonage’s track record with issues involving courts and lawsuits hasn’t been the greatest. They’ve lost or settled a number of patent disputes in the past 18 months. Now they can put one in the win column. A U.S. District Court for Nebraska ruled in Vonage’s favor against the Nebraska Public Service Commission in the matter of Nebraska's state universal service fund (USF). The court ruled that ...
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