TELECOM Digest OnLine - Sorted: Vonage Says FTC Inquiry Still Open

Vonage Says FTC Inquiry Still Open

Reuters News Wire (
Sun, 11 Jun 2006 18:54:45 -0500

Vonage Holdings Corp. said on Friday that the Federal Trade Commission
had not yet ended its investigation into the Internet telephone
service provider's emergency 911-related compliance.

After saying on Thursday that the FTC had finished its investigation
without taking any formal action, Vonage issued a correction that said
the investigation was officially still going on because the company
had not yet received a closure letter from the FTC.

The industry regulating Federal Communications Commission requires
that Internet-based phone services such as Vonage ensure that
customers who dial 911 are connected to a dispatcher who receives the
caller's location and phone number.

The FTC opened its investigation into Vonage in January 2005, saying
it was looking into how the company complied with federal emergency
services rules.

Vonage shares have fallen 30 percent since their market debut last
month at $17. The stock closed at $11.88 in New York Stock Exchange
trading on Friday, up 0.8 percent.

Copyright 2006 Reuters Limited.

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