Vonage finished out the 2007 year with a strong fourth quarter. Revenue increased a solid 19 percent. This has been mainly due to an increase in subscribers.
Despite having a tough year with lawsuits which required Vonage to cut back in their marketing department, Vonage’s customer base has risen impressively. Adding over 55,000 subscribers in the last quarter alone, Vonage now provides VoIP service to about 2.6 million customers.
With the legal slate now clear, there are hopes to add customers at an even faster rate this year. More space for advertising and new product design will fuel this goal. Vonage still remains constant with the same low rates that they have offered in the past helping them remain the #1 rated digital phone service.
