photo
Welcome Guest,
Connect
Contact TelecomTV One
Related Content
Green Planet
Green Planet
What impact does ICT have on greenhouse gas emissions, energy use and the environment?
And what role can ICT play in helping alleviate the problems in other business areas?
Search >
HomeNewsVideoEventsGroupsDownloads
TelecomTV One - News
 
Bookmark and Share
» Forward » Permalink

Vonage survives to VoIP another day

Posted By TelecomTV One , 22 October 2008 | 0 Comments | (0)
Tags: Not tagged yet.

Vonage Holdings has secured a financial lifeline it believes will see it through what had formerly been considered a gloomy near future.

The beleaguered US-based VoIP operator said Silver Point Finance and other backers had agreed to inject $220.3 million to help refinance its $253 million debt load. That deal was announced in July, but came with strings attached, including proof of matching private debt financing from other lenders to the tune of US$ 60 million.

“We are pleased to reach definitive agreement on this refinancing at a time of unprecedented volatility in the credit markets.


» This story continues on page 2. Please click here to read
Advertisement
please sign in to rate this article
44023
 
Get in Touch
» About TelecomTV » Contact TelecomTV » FAQ's » Copyright Enquiries » Decisive Media » Terms & Conditions » Privacy Policy
TelecomTV Programmes »
» TelecomTV One » Executive Insight » Futures » Talking Telecoms » The Main Agenda » The Bottom Line » Newsdesk » Press Play » Green Planet
Network Partners »
Contribute
» Join TelecomTV » TelecomTV on YouTube » TelecomTV on iTunes » Follow us on Twitter » Sign up for Email Alerts » Search the Site » Upcoming Events