eBay to sell 65 percent stake in Skype
Online auction service eBay has announced that they are selling 65% stake in the VoIP company Skype.
The stake is being acquired by a group of investors. The terms of this deal puts the value of the company at around 2.75 billion dollars.
The company said that they are [...]
Vonage posts a profit!
Vonage has disappeared from news after their disastrous IPO.
The VOIP Company has just posted a small profit though revenues continue to fall as subscribers flee to rival services.
The company said that the net income in the most recent quarter was around USD 1 million. The company had posted losses [...]
eBay plans to retain significant stake in Skype after IPO
US based ecommerce giant eBay recently announced that they would launch an IPO of Skype sometime next year.
The company has now said that they aim to retain a significant stake in the VoIP Company after the IPO release.
eBay has also said that if they receive [...]
Niklas Zennstrom and Janus Friis said to be interested in buying back Skype!
Niklas Zennstrom and Janus Friis founded Skype and sold it to eBay a couple of years ago.
The duo is said to be working on plans to acquire the VoIP Company back from eBay.
Market sources say that they are trying to collaborate with [...]
Skype: eBay supports us fully
Market rumors are pointing towards the possibility of eBay considering plans to sell off their Skype assets.
However, Skype has now responded in a statement that they have the full support of the online shopping giant.
Skype CEO Josh Silverman said in a statement that eBay is extremely supportive of Skype.
He added: “And [...]
Nortel Networks sues Vonage over patent infringements
Nortel Networks has now become the latest telecom company to challenge Vonage over the patent infringement issues.
They have filed a lawsuit against Vonage which has already suffered heavy damages in similar lawsuits in the recent past.
They are claiming that Vonage violated nine patents related to Internet phone services.
Nortel [...]
Vonage Holdings told to pay damages to Sprint Nextel
Vonage continues to remain in legal troubles as they have been found to have violated six patents owned by competitor Sprint Nextel Corp.
A federal jury further decided that they would have to now pay them $69.5 million in damages.
Market analyst Stephan Beckert had this to say [...]
SunRocket VoIP customers get 10 days to save their numbers
VoIP company SunRocket has said in a statement that their customers now have around 10 days to save their numbers by switching to another service provider and getting their numbers ported to it.
Sherwood Partners LLC said that they have signed on a definitive agreement to [...]
Arcep: VoIP hugely popular in France
French telecom regulatory body Arcep has said in a report that internet based telephone calls are increasingly becoming popular in the country.
Arcep added that the VoIP based calls represented a quarter of total fixed-line calls in France by the end of last year. This means that the volume has [...]
Vonage Holdings might end up filing for bankruptcy
VoIP service provider Vonage Holdings Corp. has said in a regulatory filing that their legal hassles might end up resulting in them filing for bankruptcy.
The company is involved in a legal mess in relation to patent infringement. The courts have found them guilty of infringing on three patents [...]
