Vonage Financing
Vonage has already financed $215 million of the owed $253 million owed to other VoIP providers due to last year’s law suits. The $215 million already financed has been so through an unnamed third-party financing company.
This financing has triggered a decent rise in recent stock prices and has helped solidify Vonage financially. The new financing definitely steers Vonage clear of the threat of bankruptcy.
This also functions as a motivation for Vonage to be at the top of their game. Already improving in many areas such as products and customer service, Vonage will be constantly looking for ways to improve and attract new customers.