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Net2Phone Lowers 1Q Loss

12/08/2004 2:54 AM Eastern

Cable voice-over-Internet-protocol provider Net2Phone Inc. posted a net loss of $8.2 million on revenue of $20.3 million in its first quarter ending Oct. 31, compared with a net loss of $6.3 million and revenue of $21.1 million in the prior quarter.

But the company said its results should improve now that it has 1.9 million homes under contract from VoIP deals with five cable operators.

Net2Phone counts 10,500 voice-line and PacketCable subscribers. Its largest deployments are with Bresnan Communications, Millennium Digital Media and Liberty Cablevision of Puerto Rico.

September