Action Will Benefit Vonage and other Major Operators in the Long Term, Good for Consumers

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."

HOLMDEL, N.J., Oct. 24, 2011 /PRNewswire/ -- Vonage (NYSE: VG) today announced the availability of a free downloadable app for iPhones that enables one-touch international dialing using the recently announced Extensions service. A free Extensions app for Android devices was launched in September. These new Vonage Extensions apps allow customers to extend Vonage's signature unlimited(1) international calling plans to their smartphones using an easy-to-use app, providing even greater convenience.

The new apps let users dial international phone numbers directly through their existing contact list so there's no need for users to re-enter numbers or leave the app to make calls. The international calling apps are available for immediate download at the iTunes® App Store and Android Marketplace.

"Extensions delivers unmatched value and flexibility, because it lets customers link more phones to their Vonage service, creating a virtual family plan. The addition of Extensions apps gives customers with iPhones and Android devices an even simpler, more convenient way to take advantage of our international service," said Michael Tempora, SVP of Product Management for Vonage.

Customers can register for up to two mobile Extensions through their online accounts at www.vonage.com. For complete details on Extensions and new Extensions apps for iPhone and Android, visit www.vonage.com.

HOLMDEL, N.J., Oct. 11, 2011 /PRNewswire/ -- Vonage Holdings Corp. (NYSE: VG), a leading provider of communications services connecting individuals through broadband devices worldwide, will report its financial results for the third quarter ended September 30, 2011 on Wednesday, November 2, 2011. The earnings release will be available on Vonage's Investor Relations website at http://ir.vonage.com.

Management will host a webcast discussion of the quarter's results on Wednesday, November 2, 2011 at 10:00 AM Eastern Time. To participate, please dial (877) 359-9508 approximately ten minutes prior to the call. International callers should dial (224) 357-2393. A replay will be available approximately two hours after the conclusion of the call until midnight November 15, 2011, and may be accessed by dialing (855) 859-2056. International callers should dial (404) 537-3406. The replay passcode is: 16438158.

The webcast will be broadcast live through Vonage's Investor Relations website at http://ir.vonage.com. Windows Media Player or RealPlayer is required to listen to this webcast. A replay will be available shortly after the live webcast.

HOLMDEL, N.J., Sept. 1, 2011 /PRNewswire/ -- Vonage Holdings Corp. (NYSE: VG) today expanded Vonage Extensions™, giving customers the ability to add a second extension to their existing home plan for $9.99 per month (plus tax). Both the free extension and the new second extension allow Vonage customers to make international calls using Vonage's signature unlimited(1) international calling plans* from up to two additional phones, including mobiles, creating a virtual family plan.

"The launch of Extensions gave customers flexibility and savings when making international calls. The availability of a second extension means these benefits are now available to another family member, providing even greater value to our customers," said Michael Tempora, Senior Vice President of Product Management at Vonage.

Existing customers can register for their free and paid Extensions by logging into their online accounts at www.vonage.com. For more information visit www.vonage.com.

HOLMDEL, N.J., Aug. 26, 2011 /PRNewswire/ -- Vonage Holdings Corp. (NYSE: VG) announced today that as a result of the full repayment of its $200 million institutional term loan on July 29, 2011, the ratings provided by Moody's and Standard and Poor's are no longer necessary. As a result, Standard & Poor's today announced the withdrawal of its rating on Vonage. This follows the rating withdrawal by Moody's on August 5, 2011. The discontinuance in ratings does not reflect a review by Standard & Poor's or Moody's of Vonage's financial strength or outlook.

The most recent refinancing was the result of consistently strong financial results and is the second successful refinancing in the last eight months. On July 29, 2011, the Company completed the refinancing of its term loan, entering into a $120 million credit facility including an $85 million, three-year loan and a $35 million revolver bearing interest at LIBOR plus 3.5%. This debt replaces the prior facility which carried an interest of LIBOR plus 8% with a 1.75% LIBOR floor. This new facility provided by a group of commercial banks led by JP Morgan results in annual interest expense savings of approximately $43 million from 2010.

HOLMDEL, N.J., Aug. 8, 2011 /PRNewswire/ -- Vonage Holdings Corp. (NYSE: VG) today announced that its Chief Financial and Chief Administrative Officer, Barry Rowan, will present at Oppenheimer's 14th Annual Technology & Communications Conference on Wednesday, August 10, 2011 at 9:35 a.m., ET. The presentation will be held at the Four Seasons Hotel in Boston, MA.

A live webcast of this event may be accessed by visiting Vonage's Investor Relations website at http://ir.vonage.com/. Windows Media Player or RealPlayer is required to listen to this webcast. A replay will be available shortly after the live webcast.

HOLMDEL, N.J., Aug. 5, 2011 /PRNewswire/ -- Vonage Holdings Corp. (NYSE: VG) announced today that as a result of the full repayment of its institutional term loan last week, the ratings provided by Moody's and Standard and Poor's are no longer necessary. The most recent refinancing was the result of consistently strong financial results and is the second successful refinancing in the last eight months.

Given that public ratings are no longer necessary, Moody's announced that it has withdrawn the ratings assigned to Vonage Holdings Corp. The discontinuance in ratings does not reflect a review by Moody's of Vonage's financial strength or outlook.

On July 29, 2011, the Company completed the refinancing of its term loan, entering into a $120 million credit facility including an $85 million, three-year loan and a $35 million revolver bearing interest at LIBOR plus 3.5%. This debt replaces the prior $200 million facility which carried interest of LIBOR plus 8% with a 1.75% LIBOR floor. This new facility provided by a group of commercial banks led by JP Morgan results in annual interest expense savings of approximately $43 million from 2010.

HOLMDEL, N.J., Aug. 3, 2011 /PRNewswire/ -- Vonage Holdings Corp. (NYSE: VG), a leading provider of communications services connecting individuals through broadband devices worldwide, announced results for the second quarter ended June 30, 2011.

The Company reported record high net income of $22 million and record high adjusted earnings before interest, taxes, depreciation and amortization ("EBITDA")(1) of $44 million.

Consistent with Vonage's strategic focus on mobile and international markets, the Company announced two new products during the past week, Extensions™ and Time to Call™. In addition, the Company entered into a distribution agreement to promote its services and announced plans to double its retail presence through agreements with three leading nationwide retailers.

The Company also announced completion of a debt refinancing which reduced interest rates to LIBOR plus 3.5%, resulting in annual savings of $43 million from 2010.

Marc Lefar, Vonage Chief Executive Officer, said, "We generated record high financial results while improving our core value proposition and laying the foundation for future growth."

"The launches of Extensions™ and Time to Call™ enhance our domestic and global service offerings for landline and mobile customers. Beyond this, we've expanded the availability of our service through agreements with TracFone, Best Buy, Kmart and Sears. And, as a result of our strong financial performance, we have refinanced our debt for the second time in eight months. These are meaningful steps."

HOLMDEL, N.J., Aug. 3, 2011 /PRNewswire/ -- Vonage Holdings Corp. (NYSE: VG) is making good on its promise to deliver low-cost, easy-to-use international calling on smartphones around the world. Time to Call™ is the first downloadable app that allows pay-per-call international dialing to more than 190 countries. The app, designed for iPhones, lets consumers make 15-minute international calls at a fraction of the cost of major mobile carriers with easy payment directly through iTunes.

To view the multimedia assets associated with this release, please click: http://multivu.prnewswire.com/mnr/vonage/50613/

For a limited time, Vonage will provide a free international call, up to 15 minutes, to 100 countries. The free trial is available with any download, with no purchase necessary*. Time to Call launches globally today and is available for download in 87 iTunes stores.

"With the launch of Time to Call, Vonage has simplified the process of making affordable international calls for iPhone users around the globe," said Marc Lefar, CEO of Vonage. "Not only does this service offer tremendous value for international callers dialing from their home countries, it also provides a great solution for international travelers who want to avoid the bill shock associated with international calls and roaming charges when they call back home. Time to Call requires far less effort than calling card services and other international calling plan options, and is substantially less expensive than dialing direct through a mobile carrier. It's simple, fast and fair."

With Time to Call, there's no ongoing commitment and calling is quick and easy. After downloading the app, customers simply select the country they want to call, touch the Buy button and enter their iTunes credentials, then make the call either from their address book or by directly dialing the number.

Fifteen-minute calls to 100 countries range from $0.99 to $1.99; more than 90 additional countries can be called for flat rates ranging up to $9.99**. Calls to landlines AND mobile phones are the same rate. Time to Call users do not have to be Vonage home phone service subscribers. With easy payment through iTunes, there's no hassle with credit cards, cash payments or going to the store to purchase calling cards.

Time to Call is the second recent offering that extends Vonage beyond home phone service into next-generation products including mobile.

Nearly 50 percent of all international calls worldwide originate from a mobile phone, according to TeleGeography.(1) The market opportunity is huge and growing, and Time to Call meets the need with a simple and affordable pay-per-call service that requires no commitment or advance planning. Later this year, Vonage will introduce an Android(TM) version of the Time to Call app.

The Time to Call service works on Wi-Fi worldwide, and is also available for use on high-quality 3G wireless networks in U.S. and Canada. When used on 3G networks, carrier charges may apply if the user has a limited data plan.

For more information on Time to Call, please go to iTunes or http://www.vonagemobile.com/.

HOLMDEL, N.J., Aug. 2, 2011 /PRNewswire/ -- Vonage Holdings Corp. (NYSE: VG) is partnering with TracFone Wireless, America's prepaid wireless leader, to offer high-quality, low-cost unlimited(1) home phone service to TracFone's extensive prepaid mobile customer base.

The move allows TracFone's prepaid wireless customers to enjoy unlimited local and domestic long-distance phone service at home through Vonage with no annual contract and no commitment.

Through the relationship, TracFone customers will receive unique offers for the Vonage U.S. & Canada Unlimited calling plan. The plan provides unlimited local and long distance calling in the U.S., Canada and Puerto Rico. It also includes free Vonage Visual Voicemail®, caller ID, call waiting, anonymous call block and three-way calling among many other calling plan features.

"By partnering with TracFone, we are able to bring affordable home phone calling to a customer base that recognizes the need for high-value calling plans," said Marc Lefar, CEO of Vonage. "With no commitment and unlimited domestic long-distance calling, TracFone customers won't find a service like this anywhere else."

"We are constantly looking for new ways to bring even more freedom, flexibility and value to TracFone customers," said F. J. Pollak, President and CEO of TracFone. "Our partnership with Vonage to provide low-cost, unlimited calling home service to our customers helps us do just that."

For more information visit www.vonage.com.