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 Vonage Adds Free Mobile Extensions

Vonage Press Releases

HOLMDEL, N.J., July 27, 2011 /PRNewswire/ -- Vonage Holdings Corp. (NYSE: VG) is breaking beyond the four walls of the home by allowing customers to extend their Vonage home calling plans to any phone, including mobiles. The move allows customers to use Vonage's signature unlimited(1) international calling plans from their mobile phones to call friends and family abroad. The new service offering -- Extensions™ -- is free to all Vonage customers and builds upon Vonage's history of providing unsurpassed value to customers for both domestic and international calling.

"Vonage World set the benchmark for unlimited international calling. Now new and existing customers can call these unlimited countries on their mobile phones for no additional cost," said Marc Lefar, CEO of Vonage. "This new service dramatically increases the value of Vonage's core offering, providing customers with more flexibility and savings when making international calls."

Existing customers can add any U.S. phone number as an extension by logging into their online account at www.vonage.com. The extension phone number can be a cell phone, a home phone or even an office number. Once registered, the service works like a virtual calling card. Simply dial the access number and international destination number and the call is connected over the Vonage network.

Extensions works with any mobile phone, and in the next several weeks Vonage plans to offer downloadable apps for iPhone® and Android™ devices, enabling one-touch dialing directly from the customer's contact list.

Customers with the Vonage World plan will now have the additional flexibility of unlimited calling to more than 60 countries from their cell phones in addition to from their home phone. Those who call internationally for as little as an hour a week will save an average of $250 a year versus the best international rates from major wireless carriers.*

For more information visit www.vonage.com.


 Posted by vonage on Wednesday, July 27 @ 14:29:28 CDT
 (168 reads)
Read More: Vonage Adds Free Mobile Extensions

 Vonage Holdings Corp. Announces Date of Earnings Release and Conference Call for Second Quarter 2011 Financial Results

Vonage Press Releases

HOLMDEL, N.J., July 14, 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 second quarter ended June 30, 2011 on Wednesday, August 3, 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, August 3, 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 August 16, 2011, and may be accessed by dialing (855) 859-2056. International callers should dial (404) 537-3406. The replay passcode is: 83177750.

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.


 Posted by vonage on Thursday, July 14 @ 14:24:32 CDT
 (162 reads)
Read More: Vonage Holdings Corp. Announces Date of Earnings Release and Conference Call for Second Quarter 2011 Financial Results

 Vonage Holdings Corp. Announces Results of Annual Meeting of Stockholders and Election of Joseph M. Redling to the Board

Vonage Press Releases

HOLMDEL, N.J., June 9, 2011 /PRNewswire/ -- Vonage Holdings Corp. (NYSE: VG), a leading provider of communications services connecting individuals through broadband devices worldwide, announced the results of its annual meeting of stockholders this morning.

The company reported that its stockholders approved all of the following proposals:

  • Election of Directors: Stockholders elected all nominees including Marc P. Lefar, John J. Roberts, Carl Sparks, David C. Nagel, and new nominee Joseph M. Redling.
  • Auditor Ratification: Stockholders ratified BDO USA, LLP as the Company's independent registered public accounting firm for the fiscal year ending December 31, 2011.
  • Advisory Vote on Executive Compensation: Stockholders approved this proposal.
  • Advisory Vote on Frequency of Vote on Executive Compensation: Stockholders recommended holding an advisory vote on executive compensation every three years.

Election of Joseph M. Redling to Vonage Board of Directors

Mr. Redling is the President and Chief Executive Officer of NutriSystem, Inc., and Chairman of NutriSystem's board of directors. Previously Mr. Redling was the President and Chief Operating Officer of NutriSystem from September 2007 to May 2008. Prior to that, Mr. Redling served as Chairman and CEO of AOL International and President of AOL Paid Services. From 2003 to 2006, Mr. Redling was the President of AOL's access business and Chief Marketing Officer, where he was instrumental in transitioning the company from a dial-up subscription model to a broadband-based web advertising business.

Vonage's Chief Executive Officer, Marc Lefar, commented, "We are thrilled that Joe has been elected to Vonage's Board. He is an accomplished executive with deep experience transforming companies to meet new marketplace opportunities. In addition, his operational and marketing expertise will be instrumental as we continue to deliver new communications products to meet the emerging needs of customers worldwide."

Mr. Redling said, "I am excited to be joining the Vonage Board and am eager to help build upon the solid foundation of success that Marc and his team have put in place. I look forward to working closely with Marc and the other members of the Board during the next phase of Vonage's transformation."

Mr. Redling's election follows the recent addition of Carl Sparks to the Vonage Board. Mr. Sparks, who was named President and Chief Executive Officer of Travelocity in April, possesses extensive operational expertise and leadership experience in intensely competitive markets. The election of Mr. Redling and Mr. Sparks to the Board reflects the Company's commitment to deepening the Board's operational and marketing experience as it moves toward offering mobile products through alternative channels.

Full voting results will be reported on a Current Report on Form 8-K.


 Posted by vonage on Thursday, June 09 @ 14:20:41 CDT
 (143 reads)
Read More: Vonage Holdings Corp. Announces Results of Annual Meeting of Stockholders and Election of Joseph M. Redling to the Board

 Vonage Appoints Scott Ballantyne as Chief Marketing Officer

Vonage Press Releases

HOLMDEL, N.J., May 10, 2011 /PRNewswire/ -- Vonage Holdings Corp. (NYSE: VG), a leading provider of communications services connecting individuals through broadband devices worldwide, today announced the appointment of Scott Ballantyne as Chief Marketing Officer.

Mr. Ballantyne will be responsible for the strategic direction and implementation of the Company's global sales and marketing initiatives including advertising, media, segment marketing, pricing, promotions, and all retail distribution. He will serve on the company's Senior Leadership Team and will report to Vonage CEO, Marc Lefar.

"Vonage is at a pivotal point in its evolution and I'm confident that Scott has the leadership ability and expertise to drive our sales and marketing strategies," said Marc Lefar, Chief Executive Officer of Vonage. "His broad technology and international experience will prove invaluable as we execute against our growth strategies and enter new markets."

Mr. Ballantyne comes to Vonage from Tendril Networks, where he held the position of Senior Vice President of Marketing. He has enjoyed a 24-year track record of success across all aspects of marketing and sales with well-known technology companies including Hewlett-Packard, T-Mobile, Dell and Motorola.

"Vonage has made extraordinary progress over the past couple of years," added Mr. Ballantyne. "I'm thrilled to be joining the company at a time of tremendous growth opportunity and look forward to contributing to Vonage's future success."


 Posted by vonage on Tuesday, May 10 @ 14:17:34 CDT
 (196 reads)
Read More: Vonage Appoints Scott Ballantyne as Chief Marketing Officer

 Vonage Holdings Corp. Reports First Quarter 2011 Results

Vonage Press Releases

HOLMDEL, N.J., May 4, 2011 /PRNewswire/ -- Vonage Holdings Corp. (NYSE: VG), a leading provider of communications services connecting individuals through broadband devices worldwide, announced results for the first quarter ended March 31, 2011.

Vonage reported adjusted earnings before interest, taxes, depreciation and amortization ("EBITDA")(1) of $43 million, up from $40 million in the year ago quarter and up from $41 million sequentially. Based on continued strong financial performance, the Company increased adjusted EBITDA guidance for 2011 to at least $165 million from "more than $156 million".

Income from operations increased to $30 million from $25 million in the year ago quarter and increased from $26 million sequentially.

Vonage generated record high net income of $21 million or $0.10 per share, an improvement from net income of $14 million or $0.07 per share in the first quarter of 2010 and up from a net loss of $42 million or $0.19 sequentially, which included $58 million in one-time adjustments(2).

Marc Lefar, Vonage Chief Executive Officer, said, "Vonage continued to deliver strong financial results as we generated record high EBITDA and net income. We improved average revenue per user, reduced costs and continued to deliver on our strategy to penetrate international calling segments. There are more than one million subscribers, representing 43% of our base, on Vonage World."

"Our strong cash flow enabled us to prepay $20 million in debt; and we expect to make another $30 million in voluntary prepayments by year end, resulting in annual interest savings of nearly $5 million. Combined with scheduled amortization of $20 million, we expect term debt to be $130 million at the end of 2011."

Gross line additions increased to 175,000, up from 155,000 the prior year and 167,000 sequentially. This is the fourth consecutive quarter of increasing gross line additions. The Company reported 3,000 net line additions during the quarter, up from a loss of 26,000 lines in the year-ago quarter and down from 6,000 net line additions sequentially.


 Posted by vonage on Wednesday, May 04 @ 13:23:09 CDT
 (168 reads)
Read More: Vonage Holdings Corp. Reports First Quarter 2011 Results

 Vonage Launches New Plan With Unlimited Calling to Mobile Phones in More Than 40 Countries

Vonage Press Releases

HOLMDEL, N.J., April 18, 2011 /PRNewswire/ -- Vonage Holdings Corp. (NYSE: VG), a leading provider of low-cost communications services connecting individuals through broadband devices worldwide, today introduced the World Premium Unlimited calling plan. This new offering builds on the value of the popular World plan by expanding the number of countries for unlimited(1) calling from 60 to 80, including unlimited calling to mobile phones in 42 countries.

"People who make international calls to mobiles are frustrated by the huge premiums they pay to their phone company," said Mike Tempora, senior vice president of product management for Vonage. "World Premium provides these callers with the peace of mind to call any landline or mobile number in 42 countries including Brazil, Costa Rica, Japan, Australia, France, Spain and the UK for one flat price. Customers who use World Premium Unlimited to call as little as one hour a week to mobile phones in countries like Mexico and the UK will save over $400 a year versus the best pay per minute rates from major phone companies."


 Posted by vonage on Monday, April 18 @ 16:03:41 CDT
 (256 reads)
Read More: Vonage Launches New Plan With Unlimited Calling to Mobile Phones in More Than 40 Countries

 Vonage Holdings Corp. Announces Date of Earnings Release and Conference Call for First Quarter 2011 Financial Results

Vonage Press ReleasesHOLMDEL, N.J., April 13, 2011 /PRNewswire/ -- Vonage Holdings Corp. (NYSE: VG), a leading provider of low-cost communications services connecting individuals through broadband devices worldwide, will report its financial results for the first quarter ended March 31, 2011 on Wednesday, May 4, 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, May 4, 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 May 17, 2011, and may be accessed by dialing (800) 642-1687. International callers should dial (706) 645-9291. The replay passcode is: 59178441. 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.

 Posted by vonage on Wednesday, April 13 @ 15:03:01 CDT
 (191 reads)
Read More: Vonage Holdings Corp. Announces Date of Earnings Release and Conference Call for First Quarter 2011 Financial Results

 Vonage Extends Free Calling to Japan

Vonage Press Releases

HOLMDEL, N.J., March 18, 2011 /PRNewswire/ -- Vonage Holdings Corp. (NYSE: VG), a leading provider of low-cost communications services connecting individuals through broadband devices worldwide, today announced that in light of the continued uncertainty in Japan, it will continue to waive per-minute calling charges for customers calling from their Vonage home phones to Japan until 8:30 p.m. on April 10, 2011.


 Posted by vonage on Friday, March 18 @ 15:10:19 CDT
 (171 reads)
Read More: Vonage Extends Free Calling to Japan

 Vonage Holdings Corp. Announces Investor Partnership Distribution

Vonage Press ReleasesHOLMDEL, N.J., March 14, 2011 /PRNewswire/ -- Vonage Holdings Corp. (NYSE: VG), a leading provider of low-cost communications services connecting individuals through broadband devices worldwide, today announced that New Enterprise Associates ("NEA"), the original venture capital investor in Vonage, has distributed 9.3 million shares of Vonage common stock to the limited partners of its funds. NEA remains a major Vonage shareholder and following the distribution retains two-thirds of its original holdings, representing 8 percent of Vonage's outstanding stock. Commenting on the announcement, Vonage's CEO, Marc Lefar said, "Stock distributions are a standard mechanism to distribute gains to limited partners. NEA has been a loyal, long-term investor over the past eight years and we value their continued support. We are pleased that NEA remains a substantial shareholder while providing its limited partners liquidity as provided for under the terms of its partnership agreements. With this distribution, Vonage's common stock will have greater public float, providing additional access to institutional investors." Vonage recently reported record high financial results for the full year 2010 including adjusted EBITDA of $156 million and income from operations of $95 million, up 31 percent and 66 percent over the prior year, respectively. In addition, the Company completed a comprehensive refinancing of its balance sheet which will reduce annual interest expense by $23 million, or nearly 50 percent from $49 million to $26 million (assuming constant LIBOR), resulting in significant earnings accretion in 2011. Vonage stated that neither this distribution nor any future distribution of shares by NEA will have any effect upon the total number of shares outstanding. Adjusted earnings before interest, taxes, depreciation and amortization ("adjusted EBITDA") is a non-GAAP financial measure. A reconciliation of adjusted EBITDA to income from operations can be found on the Vonage Investor Relations website at http://ir.vonage.com/results.cfm.

 Posted by vonage on Monday, March 14 @ 12:54:46 CDT
 (376 reads)
Read More: Vonage Holdings Corp. Announces Investor Partnership Distribution

 Vonage Offers Customers Free Calling to Japan

Vonage Press Releases-- Company Working to Unite Families and Friends Following Earthquake -- HOLMDEL, N.J., March 11, 2011 /PRNewswire/ -- Vonage Holdings Corp. (NYSE: VG), a leading provider of low-cost communications services connecting individuals through broadband devices worldwide, today announced that it will be waiving per-minute calling charges beginning 8:30 p.m. ET March 11, 2011 until 8:30 p.m. ET March 18, 2011 for customers calling from their Vonage home phones to Japan in the wake of the devastating earthquake and tsunami that hit the country today. "We care deeply about our customers and want to ensure they can reach their loved ones in the aftermath of this horrific natural disaster," said Marc Lefar, chief executive officer of Vonage. "Our thoughts and prayers go out to everyone impacted by the earthquake in Japan and we hope this helps keep friends and family connected at this time of great need."

 Posted by vonage on Friday, March 11 @ 11:53:34 CST
 (262 reads)
Read More: Vonage Offers Customers Free Calling to Japan

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1Unlimited calling and other services for all residential plans are based on normal residential, personal, non-commercial use. A combination of factors is used to determine abnormal use, including but not limited to: the number of unique numbers called, calls forwarded, minutes used and other factors. Subject to our Reasonable Use Policy and Terms of Service.

2Shipping and activation fees waived with 1-year agreement. An Early Termination Fee (with periodic pro-rated reductions) applies if service is terminated before the end of the first 12 months. Additional restrictions may apply. See Terms of Service for details.

HIGH SPEED INTERNET REQUIRED. †VALID FOR NEW LINES ONLY. RATES EXCLUDE INTERNET SERVICE, SURCHARGES, FEES AND TAXES. DEVICE MAY BE REFURBISHED. If you subscribe to plans with monthly minutes allotments (for example, U.S. & Canada 300), all call minutes placed from both from your home and registered ExtensionsTM phones will count toward your monthly minutes allotment. ExtensionsTM calls made from mobiles use airtime and may incur surcharges, depending on your mobile plan. Alarms, TTY and other systems may not be compatible. Vonage 911 service operates differently than traditional 911. See www.vonage.com/911 for details.

** Certain call types excluded.

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