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Vonage VoIP IPO going down
It's been almost two months since VOIP provider Vonage filed for its initial public offering, and nothing was heard from the company since.
The lack of further filings gave rise to the suspicion that the company is about to abandon the IPO altogether, and instead is looking to sell out to one of the dinosaur telephone providers.
Vonage for now has a significant market share, but does little to tie in its customers.
Its service is considered an intermediary step in VOIP's evolution. Why after all use a special vonage adapter that transforms the Ethernet signal to a regular copper wire signal? Converged Wifi-cellular devices have the future. And then the mobile sector is in a pretty good position to kill Vonage.
April 1, 2006 at 12:50 AM | Permalink
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