The prospects of future success for pure-play VoIP service providers have really taken a hit this year, as Vonage as been pummeled with patent lawsuits, Skype experienced a major international outage and Sunrocket failed to keep up with its ambitious plans. That makes it all the more astounding Vonage actually gained 78,000 subscribers during the third quarter, 21,000 more than it added in the second quarter this year.
The company also reported a $162 million loss for the quarter, but at least $132 million of that was related to its settlements of its patent lawsuits. This morning, it's been reported that Vonage is in talks with AT&T to reach a patent settlement. The company now has 2.5 million subscribers.
- Vonage settled its patent suit from Verizon late last month