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 [...]
Skype initial public offering next year
US based online auction company eBay has announced that they are going to separate Skype from their operations.
They are planning to launch an IPO for this unit sometime next year.
eBay said that the timing of the IPO launch would depend upon prevailing market conditions.
eBay CEO John Donahoe spoke about [...]
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 [...]
American Airlines launches internet access on flights
US based airline company American Airlines has announced the launch of their in-flight internet services for the travelers.
This service is now available on 15 of its 767-200 airplanes.
They have named this new useful service Gogo.
It would be available to customers on several routes including: between New York [...]
Vonage’s subscriber growth almost static
Vonage Holdings Corp. continues to struggle as their subscriber growth has now nearly grounded.
The company has now reported that they gained just around 2,000 lines in the second quarter of the year.
Vonage Chief Financial Officer Marc Lefar stated that they have however made progress in retaining their existing customers.
Due to [...]
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 [...]
CRM ASP working with Vonage to expand services
Web-based CRM solutions provider CRM ASP has announced that they are now working with the VoIP Company Vonage to offer VoIP services through their platform.
Vonage’s service would now be integrated into their premium CRM platform. Customers would then get a one-click calling facility to their customers through this [...]
Siemens AG to cut 7,000 jobs from Siemens Enterprise Networks
Market sources say that Siemens AG is planning to cut as many as 7,000 jobs from their telecommunications unit Siemens Enterprise Networks.
This would mean that the company would be cutting about 40 percent of the telecom unit’s worldwide work force.
This unit of the company faces intense [...]
