Vonage Passes 500K Mark, Taps TI

3/07/2005 5:08 AM Eastern

Vonage Holdings Corp. announced that it has surpassed the 500,000-subscriber mark for its voice-over-Internet-protocol service, adding 15,000 lines per week, a 50% jump since the fourth quarter of 2004.

At that rate, Vonage will have more than 1 million subscribers by year's end.

The company also announced that it has selected Texas Instruments Inc. as its preferred supplier of VoIP silicon and software.