Vonage Holdings Corp. (NYSE:VG), the pioneering VoIP company, has seen its stock almost double this year. That proves that reports of Vonage’s demise were premature, right? Indeed, it has managed to win 2.4 million customers in 60 countries. Shares have almost doubled this year. The company is a small fish in a very big pond. Comcast Corp. (NASDAQ:CMCSA) has almost 9 million voice customers. Microsoft’s new toy Skype says had an average of 145 million connected users per month in the fourth quarter of 2010. One telco that might be willing to take a shot at Vonage may be Sprint Nextel Corp. (NYSE:S), which is hemorrhaging customers and faces more losses should the AT&T Inc. (NYSE:T) –T Mobile deal be approved by regulators. But it would be a race to the bottom – a marriage of equals when it comes to sinking prospects.
- Poll of the Day