It wouldn't be surprising to see Vonage's PR folks and investment bankers furiously cutting and pasting from TeleGeography's new report on the U.S. VoIP market in the second-quarter. Vonage continues to be the leading voice-over-broadband provider with 28% market share. The market has grown to 2.7 million customers from 440K in Q2 2004, while revenues are expected to be more than $1-billion this year compared with $250-million in 2004. While Telegeography notes that cablecos such as Time-Warner and Cablevision have posted "blistering" growth this year and collectivley have more customers than Vonage, it said Vonage's growth has been "remarkable by the standards of any industry: Vonage's subscribers have more than tripled in the past 12 months." That strikes me as excellent fodder for anyone trying to raise $600-million from an IPO soon.
Andy Abramson, who has been talking for some time about Sprint acquiring Vonage, was quick to post today that BusinessWeek is now touting the same line. Olga Kharif believes Sprint's lawsuit against Vonage is so vague and lacking substance that is likely a ruse for Sprint to get a better idea about the worth of Vonage's intellectual property portfolio before it makes a bid. I'm thinking Vonage CEO Jeff Citron is so anxious to create a liquidity event he's probably willing to dance with Sprint legally if it leads to an acquisition.