Vonage chief walks
Adios
Posted in VoIP, 13th April 2007 09:17 GMT
Free webcast: Service level monitoring and management
Troubled telco and broadband provider Vonage has lost its chief executive. Michael Snyder has quit as CEO and resigned from the board of directors.
Vonage chairman Jeffrey Citron is stepping in as interim chief exec while the company looks for a replacement.
The company also announced prelimary results for the quarter ended March 31, 2007. The firm made revenues of $195m and added 166,000 net line subscribers. Average monthly churn was 2.4 per cent.
Vonage also announced cost cutting measures - it is cutting $110m from its marketing budget and another $30m from its general and admin budget.
The company's release is available for download here. ®

Enabling The Agile Data Center
Enterprise PBX buyer's guide
Analyst Keynote: The Register Agile Data Center Summit

Dirty, dirty PCs: The X-rated picture guide
Top 500 supers - rise of the Linux quad-cores
Early adopters bloodied by Ubuntu's Karmic Koala
Sign up, sign up for The Register IT security newsletter