-- Company Announces Plans for Comprehensive Refinancing --
-- Adjusted EBITDA(1) of $35 Million --
-- Net Income of $8 Million or $0.04 per Share Excluding Adjustments(2) --
-- Company Reports Revenue of $214 Million --

HOLMDEL, N.J., Nov. 3, 2010 /PRNewswire-FirstCall/ -- Vonage Holdings Corp. (NYSE: VG), a leading provider of communications services connecting individuals and social networks through broadband devices worldwide, announced plans for a complete refinancing of its existing term loans and results for the third quarter ended September 30, 2010.

Through the refinancing, all of the company's existing term debt, totaling $194 million will be replaced with a term loan facility with an interest rate expected to be less than half the blended rate of the current debt. The Company plans to raise approximately $200 million of new financing.

This transaction will result in a more efficient capital structure with the following expected characteristics: total leverage at or below 1.5 times debt to EBITDA, liquidity of $55 million in cash, and earnings accretion in the first year of at least 40% due to the lower interest rates on the new debt. In addition, the terms of the new loan are expected to contain far fewer restrictive covenants than the existing debt providing the Company with greater flexibility to operate and grow its business.

On November 2, 2010, the Company entered into definitive agreements with respect to refinancing its existing debt. The Company plans to exercise its right to retire the first lien debt under the make-whole provisions of the credit agreement and retire the second lien debt at a discount of more than 25% to the contractual make-whole amount. The third lien notes will be converted into 8.3 million shares of the Company's common stock. In addition, the third lien noteholders will receive a cash payment of $2.2 million plus accrued interest of $1.1 million. The terms of the agreements also provide for certain fees to be paid to the debt holders.

The Company plans to finance this transaction with the expected $200 million pre-payable, senior secured term loan debt and cash from its balance sheet. It plans to immediately start the process of raising the required financing with the objective of completing the entire transaction prior to December 31, 2010. Actual timing and the successful completion of the refinancing are subject to market conditions.

Marc Lefar, Vonage Chief Executive Officer, said, "Today's announcement of this global refinancing marks a major milestone in the continued transformation of our company. In many ways, it is the culmination of the significant and sustained improvements we've achieved in our operating performance over the past two years. With the stabilization of our customer base, our strong cash flow and a transformed capital structure, we have a very strong platform on which we can continue to build the future of Vonage."

HOLMDEL, N.J., Oct 13, 2010 /PRNewswire via COMTEX News Network/ -- Vonage Holdings Corp. (NYSE: VG), a leading provider of affordable communications services enabling individuals and social networks to connect through any broadband device worldwide, will report its financial results for the third quarter ended September 30, 2010 on Wednesday, November 3, 2010. The earnings release will be available on Vonage's Investor Relations website at ir.vonage.com.

Management will host a webcast discussion of the quarter's results on Wednesday, November 3, 2010 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 16, 2010, and may be accessed by dialing (800) 642-1687. International callers should dial (706) 645-9291. The replay passcode is: 16391586.

HOLMDEL, N.J., Sept 09, 2010 /PRNewswire via COMTEX News Network/ -- Vonage Holdings Corp. (NYSE: VG) today announced that its Chief Executive Officer, Marc Lefar, will speak at Kaufman Bros. 13th Annual Investor Conference on Wednesday, September 15, 2010 at 2:00 p.m., ET. The conference will be held at the W Hotel in New York, NY.

TORONTO, CANADA, Sep 08, 2010 (MARKETWIRE via COMTEX News Network) -- Vonage Holdings Corp. (NYSE: VG), a leading provider of high-quality voice and messaging services over broadband networks in Canada since 2004 and in the U.S. since 2001, is changing the communications landscape in Canada with its recently launched Vonage World Canada plan. The revolutionary calling plan offers unlimited calling(i) around the world to more than 60 countries(ii) including those most frequently called from Canada: U.S., U.K, France, Germany, India and China.

Vonage World Canada is the first calling plan in Canada to offer unlimited international calls to landlines in over 60 countries for a flat rate of just $29.99/month for the first six months+ and then $39.99/month thereafter. In addition to unlimited calling to landlines in over 60 countries, mobile calling++ is included to many locations. And with Vonage World there is no guesswork in determining coverage within a country. All included countries are covered in their entirety.

"Vonage is excited to extend the value of the popular Vonage World calling plan to Canada," said Marc Lefar, CEO of Vonage. "We recognize that Canada's multicultural population has extensive international calling needs. We created Vonage World Canada to enable customers to stay connected to the people they care about, whether they are down the street or across an ocean."

In addition to low flat rate calling, this groundbreaking service plan includes many popular calling features such as Caller ID, Call Waiting, Call Forwarding and Vonage Voicemail Plus. Vonage Voicemail Plus lets users listen to voicemail messages from any phone or from their Vonage Online Account. Users can also receive an email with an audio file attached, so they can listen to voicemail messages from their PC anytime, anywhere.

To sign up for Vonage World Canada, all that is required is a high-speed Internet connection, a regular home phone or landline handset, a Canadian shipping address and a Canadian credit card. Vonage will ship your Vonage phone adapter within five business days.

Vonage World Canada details are available at http://www.vonage.ca.

(i) Usage must be consistent with normal residential usage patterns and must not exceed the fair usage limits set out in the Vonage World Plan Fair Usage Policy

Complete Chart of Available Countries/Territories

(ii) Included countries:

HOLMDEL, N.J., Aug 05, 2010 /PRNewswire via COMTEX News Network/ -- Vonage Holdings Corp. (NYSE: VG) today announced that its Chief Executive Officer, Marc Lefar, will speak at Oppenheimer's Annual Technology, Media & Telecommunications Conference in Boston on Tuesday, August 10, 2010 at 1:20 p.m., ET.

• Adjusted EBITDA(1) Increases to $41 Million
• Net Income of $12 Million or $0.06 per Share Excluding Adjustments(2)
• Company Reports Revenue of $225 Million
• Company Reduces Debt by $18 Million; $41 Million in Past Two Quarters
• Company Announces Vonage Mobile App for Facebook

HOLMDEL, N.J., Aug 04, 2010 /PRNewswire via COMTEX News Network/ -- Vonage Holdings Corp. (NYSE: VG), a leading provider of high-quality voice and messaging services over broadband networks, today announced results for the second quarter ended June 30, 2010.

Vonage reported record adjusted earnings before interest, taxes, depreciation and amortization ("EBITDA")(1) of $41 million, up from $31 million in the year ago quarter and $40 million sequentially. This is the eleventh consecutive quarter of record high adjusted EBITDA. Revenue of $225 million increased from $220 million year-over-year and declined from $228 million sequentially. Income from operations increased to $24 million from $15 million in the year ago quarter and declined from $25 million sequentially.

The Company generated net income of $12 million or $0.06 per share, excluding adjustments.(2) This is an improvement from $1 million in the second quarter of 2009 and flat sequentially. The Company reported a net loss of less than $1 million or $0.00 per share, which includes a $4 million charge relating to $23 million of debt prepaid at par in the second quarter, and an $8 million non-cash expense related to unconverted third-lien notes, resulting from an increase in the Company's stock price in the second quarter. This compares to net income of $2 million or $0.01 per share in the second quarter of 2009 and $14 million or $0.07 per share in the first quarter of 2010.

Marc Lefar, Vonage Chief Executive Officer, said "It was a very strong financial quarter as we generated record high EBITDA, record high cash flow, substantially strengthened the balance sheet and significantly reduced customer churn. Our continuing strong financial performance has enabled us to reduce net debt(3) from nearly $200 million a year ago to $72 million. Our commitment to best-in-class customer service has significantly improved customer retention, lowering churn to 2.3% -- the lowest level in more than three years.

"This morning, we announced the Vonage Mobile application for Facebook users which lets people make free mobile calls to anywhere in the world, directly from their friends lists with a single touch. This is just the start. In the future we will expand on this service to include a wide range of integrated voice and messaging services that change the way people communicate and drive value for our shareholders."

New Mobile Application Provides Free, One-Touch Calling For Facebook Users Worldwide

HOLMDEL, N.J., Aug 04, 2010 /PRNewswire via COMTEX News Network/ -- Vonage Holdings Corp. (NYSE: VG), a leading provider of high-quality voice and messaging services over broadband networks, today introduced the Vonage Mobile application for Facebook. This new service allows users to make free mobile calls to all of their Facebook friends who have the app, anywhere in the world, directly from their friends list, with a single touch.

The downloadable application is free to get and free to use. The new service enhances the ability to connect with Facebook friends through the addition of voice calling. It is available for iPhone, iPod touch and Android devices. And the service works over Wi-Fi and 3G /4G networks in most countries.

The new service is easy to use. The app works with a user's existing community of Facebook friends, so there's no need to remember screen names or to input numbers. The application eliminates dialing - users can just click on a friend and start talking. When placing a call, the friend's profile picture and status update display on the screen.

"The Vonage Mobile app for Facebook is a tangible example of our commitment to deliver extraordinary value and a better communications experience for individuals and their social networks, across broadband-enabled devices, around the world," said Marc Lefar, Chief Executive Officer of Vonage Holdings Corp. "This is just the start. In the future we will expand on this service to include a wide range of integrated voice and messaging services that change the way people communicate."

How does the Vonage Mobile Application for Facebook work?

The Vonage Mobile application is simple. It's simple to download, and so simple to use that we have eliminated the need for dialing altogether. To get started, the user:

• Downloads the app from the iTunes Store, Android Market, the http://www.facebook.com/vonage or http://www.vonage.com/talkfree.
• Enters Facebook ID and password (one time only).
• Views Facebook contacts after they are automatically loaded. They'll be grouped by friends who can be called for free and friends available for instant messaging on Facebook. A Vonage logo will appear next to the names of friends who have downloaded the app.
• Invites additional Facebook friends to get the app at the http://www.facebook.com/vonage or vonage.com/talkfree.
• Touches a friend's name from the Call Free list to make a free call anywhere in the world; no need to be online.
• Rings the phone for incoming calls, even if the application is closed.