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Article: United States: Vonage Broadband offering will improve Vonage's competitive position against the telcos and cable companies.
- Article from:
- TendersInfo
- Article date:
- May 14, 2008
CopyrightCOPYRIGHT 2008 Al Bawaba (Middle East) Ltd. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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Byline: shabnam05
Following some rough times with legal battles and steep financial losses in 2007, Vonage may be seeing some light at the end of the tunnel. Last week, the company reported record revenue growth for Q1 2008, driven by an increase in subscriber lines and higher average revenue per user, and it narrowed its losses to $9 million for the quarter. Vonage also announced a partnership with Covad to offer a new Vonage Broadband service by year-end.
Through the relationship with Covad, Vonage will offer DSL services with maximum download speeds of 3M or 6Mbps to both residential and small business customers. The offer will improve Vonage's ...