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Monday, May 09, 2005

Vonage raises $200M, sees VoIP growth continuing

Vonage said today that they see their growth rate continuing as more homes add broadband. They stated that as new competitors enter the marketplace their opportunities seem to actually increase, an enviable position for anyone in business but particularly positive for a market leader. They are generally acknowledged as the premier IP phone company in the business, and the financing they announced last week should help solidify this position.