Verizon's VoIP Offensive

A steep cut in the price of the company's Internet-based calling puts pressure on Vonage as it readies for an IPO, and could spark a price war

Take cover, Vonage. Just weeks before the Internet-calling pioneer plans an initial share sale, rivals are planning their competitive attack. Verizon Communications (VZ) on May 3 said it would slice the price of its Web-calling plan by $10, to $24.95, below the price of Vonage's comparable package.

To continue reading this article you must be a Bloomberg Professional Service Subscriber.