Vonage (VG) Growth Stalls, Comcast Zooms Past

Vonage

Vonage added just 57,000 new subs in Q2 (total 2.45 million) and now trails Comcast (3 million) in the VOIP wars.  The company did manage to cut its losses in half, from $74 million to $34 million ($18 million excluding extraordinaries).  Revenue fine–up 44%–but will obviously hit a wall if the new growth trajectory continues.  SAI VOIP analyst Dan Frommer to follow up with more…

NOW WATCH: Tech Insider videos

Want to read a more in-depth view on the trends influencing Australian business and the global economy? BI / Research is designed to help executives and industry leaders understand the major challenges and opportunities for industry, technology, strategy and the economy in the future. Sign up for free at research.businessinsider.com.au.

Tagged In

sai-us