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Vonage Hits 1 Million VoIP Mark

Vonage Holdings Corp. remains the leader of the voice-over-IP (VoIP) market, even though such large MSOs as Time Warner Cable and Cablevision Systems are quickly closing the gap. Vonage reported earlier today that it has now activated more than 1 million VoIP lines across North America, making it the first IP telephony provider to do so. Vonage's latest surge puts it more than 300,000 subscribers ahead of Time Warner, its closest cable rival. But Time Warner, which closed the second quarter with 614,000 VoIP subscribers, has been growing at a faster pace than Vonage this year and could still match its total by the end of the year. Plus, Cablevision Systems, which finished the first half of the year with nearly 480,000 customers, may not be all that far behind as it enjoys strong VoIP growth.
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