Vonage produces another discouraging Q results
Source: voipcentral.org
Vonage has failed to produce impressive figures in the fourth quarter results of 2006. The VoIP Company could not sign up a substantial number of customers and conceded heavy loss despite aggressive marketing strategy during the last quarter.
The company has registered just 166,267 subscribers in the Q4 taking total subscribers base to more than 2.2 million. However, the figure is not satisfactory. It is less than 204,591 subscribers in Q3 of 2006. Vonage gained 207,252 new subscribers during the fourth quarter of 2005.
It is clear that the popularity of Cable players like Comcast, Time Warner who are bundling VoIP with other services such as broadband Internet access and TV has reduced Vonages subscribers growth considerably.
The company posted net loss of $65 million or $0.42 per share during the last quarter to end year 2006 with a massive loss of $286 million. While, the net loss during 2005 was $261 million.
