Vonage Holdings at Citi 8th Annual Small/Mid Cap Conference - Conference Call ...

Vonage Holdings Corp. ( VG ) Citi 8th Annual Small/Mid Cap Conference November 15, 2011 2:35 PM ET

Michael Rollins

Joining us from Vonage today we have its Chief Financial Officer Barry Rowan and Leslie Arena, Vice President of Investor Relation, and it would be a great opportunity to get an update on the Vonage story. They have been active participants of this conference for the last couple of years. So, I’ll turn to Barry for some opening presentation comments for about 15 to 20 minute and then we’ll go into a Q&A session afterwards. So, without further adieu I will turn it over to Barry.

Barry Rowan

Thanks Mike and thanks to each of you for coming here today. For those of you who are less familiar with the Vonage story let me begin with kind of an overview of who we are. We are a leading provider of high quality voice and messaging services that is delivered over broadband network. We have about 2.4 million customers and serve residential and small office/home office customers in US, Canada and in the UK. We recently expanded our product offering to target mobile and international callers from around the world.

Our service is delivered over a low cost high quality internet protocol based communications platform, it’s scalable and supports over six billion communications per year. One of our most valuable assets is it not only supports our current products and services but will enable us to deliver new and innovative products to our customers going forward.

About two and a half years we shifted our primary emphasis to the international long distance market with the launch of Vonage World. This unlimited flat rate calling plans to more than 60 countries bundled with unlimited domestic calling has contributed the higher average revenue per user and lower churn. Currently Vonage World subscribers represent 50% of our base and about 35% of our total customer base are international long distance callers today.

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