Vonage is a commercial voice over IP (VoIP) network and SIP company that provides telephone service via a broadband connection (the company%26#39;s name is a play on their motto "Voice-Over-Net-AGE").
Vonage is known as the "Broadband Phone Company" and has recently marketed itself as "Leading the Internet Phone Revolution." Vonage currently holds the most subscribers, and is currently operating on 2.2 million lines having completed well over 5 billion calls.[citation needed] Vonage has led the Voice over Broadband (VoBB), or Broadband Phone industry through its aggressive consumer marketing in the United States, Canada, UK and other countries globally.
In order to use the service, customers must purchase or use a branded "VoIP router" or a phone adapter that connects to their main router or broadband modem. In addition, an upload speed of 30–90 kbit/s as well as a reliable/QoS optimized connection is necessary to make calls without substantial lag or jitter.
Vonage was originally based in Edison, New Jersey but is now located in Holmdel, New Jersey, in a building previously occupied by Prudential.[1] Vonage offers services to subscribers throughout the United States. The company expanded into Canada in April 2004 and into the United Kingdom in January 2005.
Vonage went public on May 24, 2006 at a price of $17 a share. The price on 16 March 2007 was $4.00
Prior to the IPO, Vonage solicited its customers via automated phone call announcements and emails with an offer to buy shares of the IPO. The price fell $2.15, or 12.7 percent, to close at $14.85 on the New York Stock Exchange. Vonage%26#39;s IPO was the worst trading day for any IPO in 2006 up to that point. The IPO raised $531 million for the company.
The answers post by the user, for information only, CeQnA.com does not guarantee the right.
No comments:
Post a Comment