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Vonage struggles to attract new customers

By VoIP Solutions | August 11, 2008

Internet telephony provider Vonage is struggling to attract new customers, as the company is forced to spend less on advertising. For the second quarter, Vonage reported it had lost $6.9 million, compared with a whopping $23.2 million loss during the same quarter a year ago. The company also increased revenue about 11 percent to $227.5 million. But the positive gains in the company’s financials came at a price. During the quarter, Vonage added only 2,080 new subscribers. A year ago, when th

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