Net2Phone Signs 13th Largest Cable Operator

November 15, 2004

 

net2phoneBresnan Communications, the 13th largest US cable operator serving more than 500,000 homes, is expected to begin offering Net2Phone cable VoIP phone service in the first quarter of 2005.

Net2Phone, Inc (NASDAQ: NTOP) has signed a multi-year production agreement with Bresnan Communications and Bresnan has enrolled in Net2Phone’s warrant incentive program, under which it earns warrant grants to Net2Phone common stock, exercisable as it reaches target telephony subscriber levels.

Bresnan’s product will be an end-to-end managed telephony solution with e-911 and CALEA capability, number portability, and the ability to use all existing customer equipment.

The service will be branded as Bresnan’s while Net2Phone assumes the role of PacketCable integrator, taking on full operational responsibility for telephony deployment, 24×7 service assurance and telecom administration, and tracking and monitoring voice quality and network performance metrics from start to finish.

This agreement further extends Net2Phone’s aggressive moves to deliver the the third element of the video, data and voice triple play to generate incremental revenue for cable operators and reduce churn for Net2Phone.

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