VoIP Subscribers at $2.6 Billion

VoIP subscribers grew 18 percent in third quarter to 8.2 million. VoIP subscribers have doubled from last year. VoIP revenues for the second quarter were up about two and a half times — $732 million across the United States, compared with a year-ago level of $298 million.
Vonage remained the biggest provider with 1.95 million subscribers, followed again by Time Warner Inc.’s cable TV business at 1.64 million. But Comcast Corp. moved into third place with 1.35 million, surpassing Cablevision Systems Corp.’s 1.10 million.
TeleGeography predicted the market would grow by roughly 1.5 million subscribers in the fourth quarter to end the year with 9.7 million, or about 8.7 percent of the nation’s households. Revenues are expected to approach $2.6 billion for the year or more than 2.5 times the 2005 total of just over $1 billion.
One wonders what the leading position Vonage has in terms of market share is worth. The stock still trades under $7. I hope to see a triple play report similar to this one soon.

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