Vonage: On the road to recovery?

Internet phone company Vonage Holdings Corp . is back on track, and improvement in quarterly profit and processing, announced Thursday, resell broadband services, from covad, DSL service providers.

The new service, the so-called Vonage broadband , will provide a speed of 3 megabits per second to 6 Mbps to residential and small business customers. It will enable the bundling of its Vonage Internet phone service and broadband services. So far, Vonage customers will be using their own broadband services, from cable companies or phone companies, and then add the Vonage service , coupled with.

News of the deal with Vonage as a company to the first quarter of 2008 revenue. The company has been struggling to reduce its losses, said it lost 9 million U.S. dollars. That is a huge improvement from a year ago, when the company lost 72 million U.S. dollars, in the same quarter.

Quarter revenue of 225 million U.S. dollars, an increase of about 15 percent from the previous year.

A year ago, Vonage's looking forward to dying slow deaths. This is still in the fight against Verizon Communications Inc., a long and expensive patent infringement litigation. And its growing customer losses at its disposal services. But it seems now that the company has begun to turn things around.

Of course, this is not out of danger. A greatly reduced marketing budget, which is still encounter problems, attract new customers. It continues to lose a lot of customers every month.

For the first quarter, it added that a total of 30,000 new subscribers, from 56,000 new subscribers in the previous quarter and 166,000 in the first quarter of 2007. And it is still the loss of customers. The monthly turnover rate, or cancellation of its services, rose to 3.3 percent from 3 percent in the previous quarter.

Said, Vonage companies seem to be more focused on surviving. And consistent with its legal troubles out of the way, the company looks like it's re-adjust its strategy. CEO Jeffrey Citron said the company may increase marketing spending in the latter part of this year, which should promote the growth of more customers.