Vonage to float shares
Thursday
Feb 9, 2006
Not exactly going public, but Vonage, one of America’s leading VoIP providers, is floating shares to raise capital.
The fast-growing but loss-making business hopes to raise up to $250m from the flotation (£142m) to win new customers and expand its services.
To me, it sounds like either Vonage is planning to really go big time–i.e., going face to face with the telecom giants–or they’re at the losing end of the battle, and badly need cash to survive.
At any rate, I believe VoIP is here to stay. It’s just the business model and the players that are bound to change.
J. Angelo Racoma is a technology journalist and blogger. See more of his blog posts here at racoma.com.ph, commentaries at racoma.net, and Twitter feed at @jangelo.Share:
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