Vonage Enters International Partnership with Globe in the Philippines [Professional Services Close - Up]
(Professional Services Close - Up Via Acquire Media NewsEdge) Vonage Holdings Corp. announced it has entered into an agreement with Globe, a telecommunications provider in the Philippines, to deliver market pricing to and from the Philippines.
With more than three million Filipinos living in the U.S., the Company said that the Filipino calling segment represents a substantial growth opportunity for Vonage and for Globe. Vonage reported that this customer segment is highly educated, has an average income that is 50 percent higher than the U.S. population, has a high penetration of broadband service and a high affinity for staying connected to friends and family overseas.
"We are pleased to sign our first international partnership with Globe," said Marc Lefar, Vonage CEO. "Together, we've structured a creative alliance that allows us to address the largely underserved needs of Filipino callers. We expect to be in market later this year."
"This alliance marks a significant milestone in Vonage's strategy to expand our services beyond North America," said Lefar. "By leveraging our heritage of VoIP innovation and expertise in international long distance, we can offer partners such as Globe the ability to expand their communications businesses in their local markets and beyond."
"We remain actively involved in discussions with several prospective partners and look forward to announcing additional alliances before the end of this year," added Lefar.
Vonage is a provider of communications services connecting individuals through broadband devices worldwide.
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