Vonage Files for IPO
Written by mobati //
Wednesday, February 8th, 2006
Topic: mobati
Vonage - the internet Voip phone company - filed for IPO today. They are hoping to raise up to $250 Million in investment capital to boost their efforts higher on the map. They have recently had a lot of spending aquiring subscripbers through high media buys.
Vonage has also announced the hiring of Mike Snyder, a new CEO for the organization. Snyder was formerly a president of ADT.
Vonage’s current monthly fee for service is $24.99. And the cost to aquire each customer has been in upwards of $214 USD.
This puts the Internet Voip phone company right where they should be, at the head of the pack so far.
