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News Breaks | | | | February 13, 2013 | | 08:13 EDT |  | VG | Vonage sees investing $5M-$10M per quarter in growth initiatives in 2013
In 2013, the company said it expects to continue to invest in targeted ethnic segments, commercialize its Basic Talk product line in the U.S., enhance its mobile product offerings, prepare to go to market in Brazil, and pursue other international partnerships. Vonage expects to continue to invest $5M-$10M per quarter in its strategic growth initiatives. The company may choose to increase or reduce the level of quarterly investment depending on the success of its initiatives. Vonage continues to expect new initiatives to generate $100M in annualized revenue by the fourth quarter of 2014. The company expects capital expenditures of $30M-35M in 2013. | |
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