Vonage getting a new CEO, with more cash coming
by at July 28, 2008 2:21 pm
Sections: Communications, VoIP
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After what seemed like an endless supply of bad news for Vonage, they seemingly disappeared for a while and that may have been a good thing. Vonage seems to have dropped off the radar for a while, but the return of news seems to be of the positive form.
An announcement is expected to come early this week naming a new CEO, and in addition Vonage has also announced that they entered into a “commitment letter” to receive some much needed funding. It looks like Silver Point Finance LLC will be offering up as much as $215 million which will help to keep Vonage afloat.
Read [WSJ] Via [Engadget]
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