January 16, 2008
Eagle Ventures to Enter U.S. VoIP Market
By Anil Sharma, TMCnet Contributing Editor
TelExtreme, a wholly-owned subsidiary of Eagle Ventures International, will be offering its first VoIP
services in the United States by the end of the month. The move to enter the U.S. market is part of a growth initiative aimed at increasing the company’s revenues to more than $60 million for 2008.
Analysts estimate the VoIP industry in the United States generated about $3 billion in sales in 2007. By 2010, it is expected the industry could be driving anywhere from $4 to $10 billion in annual sales.
In addition to its projected U.S. expansion, the company anticipates growth opportunities stemming from the organic increase of consumer interest in VoIP-based telephone services.
The company plans to reproduce in the U.S. the very sales and marketing model that has generated great success in overseas markets, where sales rose from $30.1 million in 2006 to a projected $40+ million in 2007, with the increase being primarily attributable to penetration into Latin American markets.
“There are expected to be between 21 million and 24 million VoIP users by the end of 2008 in the United States alone,” said TelExtreme President, Timothy Langston. “By the end of 2010, that number could be 30 million or more. Now is the right time to start positioning TelExtreme to capture that growth.”
“We expect our sales process, which is through individuals to individuals — rather than through a corporate phone number or corporate Web site — will appeal to U.S. consumers. Too many current and potential VoIP subscribers in the U.S. have had less than a great experience with their choice of providers. We are firmly convinced the TelExtreme option offers many things customers want, but aren’t currently getting. As such, we look forward to substantial revenue growth from our U.S. operations.”
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