Comcast has surpassed Vonage in the digital VoIP rating by registering a record number of 823,000 subscribers during the second quarter of 2007. It is an 813 percent increase from the previous quarter. With this addition, the total subscriber base of Comcast is now 2.4 million.
Vonage has some 2.3 million subscribers. It registered nearly 1.2 million new customers last year and 166,000 customers for the first quarter of 2007.
Comcast has also recorded a net profit of $588mn for the Q2 of 2007, compared to $837mn in the same period in 2006. It reported revenue of $7.7bn during the first quarter of 2007, an up from $7.4bn from the same quarter last year.
It is more or less apparent that cable companies are now emerging key players in the current VoIP market posing persistent pressure on the pure-play VoIP providers.
They now hold nearly 60% of VoIP subscriptions, while pure-play providers dominate just 40% of U.S. customers. As the VoIP market grows rapidly, the cable companies will lead a big battle for revenue.
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