Vonage Data Shed Light on Upcoming IPO

I received a note today from TeleGeography Research pointing to its US VoIP Report as a source of useful data in advance of Vonage's expected IPO. Their announcement included the following chart showing growth in VoIP subscribers for several providers:

They also included some points excerpted from their larger study relevant to Vonage (quoted):

• Vonage was the leading voice-over-broadband (VoBB) service provider in the US at the end of the second quarter, accounting for approximately 28% of US VoBB subscribers.
• VoBB subscriptions have grown dramatically, from 440,000 in the second quarter of 2004 to 2.7 million in the second quarter of 2005.
• Annual VoBB revenues in 2004 were approximately $250 million and are expected to exceed $1 billion in 2005. In fact, VoBB growth has been so rapid that revenues in the 2nd quarter of 2005 alone exceeded annual revenues in 2004.
• Cable MSOs -- most notably Time Warner and Cablevision -- reported blistering growth in 2005, and now collectively count more subscribers than Vonage. While
• Vonage no longer dominates the market, the company's growth has been remarkable by the standards of any industry: Vonage's subscribers have more than tripled in the past 12 months.
• VoBB providers still only represent only about 3 percent of the fixed-line voice market: at the end of 2004, there were approximately 93 million residential ILEC lines in service in the United States.

For additional background, here are some recent pieces from TMCnet about the expected Vonage IPO:

Vonage IPO: What It Means For VoIP -- Rich Tehrani

Vonage IPO Makes VoIP the Top Marketplace Story -- Al Bredenberg

AB -- 10/6/05