The number of U.S. subscribers to Internet telephony (VoIP) services leapt to 2.7 million subscribers in the second quarter of 2005, up from 444,000 a year ago, according to a report from market research firm TeleGeography. While revenue from U.S. VoIP for the quarter was $220 million, the firm expects that nascent offerings from cable TV providers will cause that figure to soar to $3 billion by 2007. Currently, the largest U.S. provider is Vonage, with an estimated 750,000 subscribers, followed by the Internet telephone service offered by Time Warner Cable.
The number of U.S. subscribers to Internet telephony (VoIP) services leapt to 2.7 million subscribers in the second quarter of 2005, up from 444,000 a year ago, according to a report from market research firm TeleGeography. While revenue from U.S. VoIP for the quarter was $220 million, the firm expects that nascent offerings from cable TV providers will cause that figure to soar to $3 billion by 2007. Currently, the largest U.S. provider is Vonage, with an estimated 750,000 subscribers, followed by the Internet telephone service offered by Time Warner Cable.