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
Related Tags: second quarter, Vonage, vonage, growth, quarter, subscribers
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