HOLMDEL, N.J., Oct. 27, 2011 /PRNewswire/ -- Vonage (NYSE: VG) today released a statement from CEO Marc Lefar in response to the FCC's decision to overhaul Intercarrier Compensation (ICC) and the Universal Service Fund (USF). Vonage has supported this reform from the beginning and is pleased to see the FCC adopt some recommendations the company supported during the rulemaking process. Importantly, the shift of universal service funding to support the deployment of new broadband networks, rather than the build-out of traditional telephone networks, is a positive development for the VoIP community.
Lefar said, "Vonage is pleased with the FCC's decision to overhaul Intercarrier Compensation and the Universal Service Fund. In the short term, we expect the decision will be neutral to positive for Vonage's business, and in the long term, the decision will reduce our cost of telephony services by millions of dollars.
"Moreover, the FCC's order quickly eliminates intrastate access charges, which currently represent an antiquated fee structure and which Vonage has indirectly paid since the company's inception. We believe the FCC's actions will be fundamentally good for consumers by eventually lowering prices and expanding the availability of broadband - they help Vonage and other service providers better deliver the high-quality, feature-rich, low-cost broadband communications services they demand."
About VonageVonage (NYSE: VG) is a leading provider of low-cost communications services connecting individuals through broadband devices worldwide. Our technology serves approximately 2.4 million subscribers. We provide feature-rich, affordable communication solutions that offer flexibility, portability and ease-of-use. Our Vonage World plan offers unlimited calling to more than 60 countries with popular features like call waiting, call forwarding and voicemail — for one low monthly rate. Vonage's service is sold on the web and through regional and national retailers including Wal-Mart Stores Inc., Best Buy, Kmart and Sears, and is available to customers in the U.S. ( www.vonage.com), Canada ( www.vonage.ca) and the United Kingdom ( www.vonage.co.uk). Vonage Holdings Corp. is headquartered in Holmdel, New Jersey. Vonage® is a registered trademark of Vonage Marketing Inc., a subsidiary of Vonage Holdings Corp. To follow Vonage on Twitter, please visit www.twitter.com/vonage. To become a fan on Facebook, go to www.facebook.com/vonage. To subscribe on YouTube, visit www.youtube.com/vonage. Vg-a
Select the service that is right for you!COMPARE ALL SERVICES
Jim Cramer and Stephanie Link actively manage a real portfolio and reveal their money management tactics while giving advanced notice before every trade.
- $2.5+ million portfolio
- Large-cap and dividend focus
- Intraday trade alerts from Cramer
- Weekly roundups
Jim Cramer's protege, David Peltier, identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.
- Diversified model portfolio of dividend stocks
- Alerts when market news affect the portfolio
- Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
24/7 market commentary from Jim Cramer and 20+ veteran Wall Street gurus. Get access to the latest trading ideas on stocks, options, and ETFs as well as a real-time forum to see the pros exchanging their investment ideas.
- Jim Cramer + 20 Wall Street pros
- Intraday commentary & news
- Real-time trading forum
- Actionable trade ideas
All of Real Money, plus 15 more of Wall Street's sharpest minds delivering actionable trading ideas, a comprehensive look at the market, and fundamental and technical analysis.
- Real Money + Doug Kass + 15 more Wall Street Pros
- Intraday commentary & news
- Ultra-actionable trading ideas
Our options trading pros provide daily market commentary and over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.
- 100+ monthly options trading ideas
- Actionable options commentary & news
- Real-time trading community
- Options TV