Vonage’s shares are undervalued given possible product moves, Phoenix Partners Group...
Vonage’s shares are undervalued given possible product moves, Phoenix Partners Group analyst Robert Routh wrote in a research report Monday. Vonage recently began an international calling plan with Globe Telecom in the Philippines and expanded its unlimited voice plan to…
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wireline and mobile phones in Vietnam and South Korea. Vonage also recently started Vonage World Mexico, which features unlimited voice plans for wireline and mobile, the report said. Vonage’s management has repeatedly suggested it’s working on developing a “very cheap” domestic voice plan, which the company could partner on or introduce on its own, and Costco would make the most sense as a partner for such a service, Routh said. “We think a partnership that bundles a white label domestic VG service with Costco memberships could be a win-win as it would grow Costco memberships as well as VG subscribers materially with low risk to either party,” he wrote, referring to Vonage’s stock symbol. “Although unsure, it would seem this partnership makes the most sense as far as offering a white label service with a big box retailer in our opinion."