Vonage to float shares

Not exactly going public, but Vonage, one of America’s leading VoIP providers, is floating shares to raise capital.

The fast-growing but loss-making business hopes to raise up to $250m from the flotation (£142m) to win new customers and expand its services.

To me, it sounds like either Vonage is planning to really go big time–i.e., going face to face with the telecom giants–or they’re at the losing end of the battle, and badly need cash to survive.

At any rate, I believe VoIP is here to stay. It’s just the business model and the players that are bound to change.