VoIP demand fuels My Net Fone

By

My Net Fone has announced that it has received greater than expected demand for its VoIP services since listing on the ASX in May.

VoIP demand fuels My Net Fone
My Net Fone has announced that it has received greater than expected demand for its VoIP services since listing on the ASX in May.

The company, which launched with its own network in December 2004, has reported that its paying subscribers at June exceeded 12,500. This represented an increase of 25 percent since April, when the company’s prospectus was lodged with the ASIC.

In an ASX statement the company said strong growth in VoIP traffic was translating to a lower wholesale purchasing rate, thus allowing the company to compete more effectively.

Traffic for the My Net Fone’s VoIP network exceeded 10 million minutes in May.

The company now expected to shortly announce several new initiatives aimed at increasing this current growth spurt. This would include a range of new plans which would take advantage of decreasing wholesale rates.
Got a news tip for our journalists? Share it with us anonymously here.
Tags:

Most Read Articles

Telstra sells 75 percent Versent stake to Infosys for $233m

Telstra sells 75 percent Versent stake to Infosys for $233m

NBN Co weaves AI and automation into its operational "fabric"

NBN Co weaves AI and automation into its operational "fabric"

DFAT renews Datacom contact centre deal for $176m

DFAT renews Datacom contact centre deal for $176m

Optus to answer privacy court case stemming from 2022 data breach

Optus to answer privacy court case stemming from 2022 data breach

Log In

  |  Forgot your password?