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Vonage Hits Half a Million Subscribers

3/07/2005 02:14:00 PM Eastern

Edison, N.J. — VoIP provider Vonage announced today that it has eclipsed the 500,000 subscriber mark.

According to the company, Vonage doubled its growth rate, adding more than 15,000 lines per week through the first quarter of 2005, up 50 percent from the fourth quarter of 2004.

In a statement announcing the figures, CEO Jeffrey Citron, hailed 2005 as “the year of mass adoption for VoIP services" and Vonage as “the market bellweather.”

"As more and more consumers demand better value for their communications dollars, we get closer and closer to the tipping point of this industry," Citron said.