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Stock Market & Financial Investment News

News Breaks
February 13, 2013
08:13 EDTVGVonage 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.
News For VG From The Last 14 Days
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December 10, 2014
12:39 EDTVGVonage management to meet with SunTrust
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December 9, 2014
17:31 EDTVGVonage receives regulatory clearance for acquisition of Telesphere Networks
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17:30 EDTVGVonage to exit Brazil consumer operations
The company plans to exit the Brazilian market for consumer telephony services and commence the wind down of its joint venture operations in the country. The company intends to begin the wind down immediately and expects to complete the process by the end of the first quarter of 2015. The company expects to avoid material operating losses in Brazil in 2015 and 2016 due to the significant planned incremental investment that would be required to scale the business. In connection with the wind down, the company estimates that it will incur approximately $1M-$2.5M in cash and non-cash charges, respectively, primarily in the fourth quarter of 2014 related to asset write downs, contract terminations and severance-related expenses.
17:28 EDTVGVonage announces new $100M share repurchase plan
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