
Cornered! is a blog devoted, most of the time anyway, to telecommunications: local and global issues, technology, people and trends from the perspective of someone who's been reporting, analysing and commenting on the industry since the dark ages (BC - before competition). Sometimes serious, sometimes flippant, sometimes frivolous. Controversial, analytical, informative, amusing, but never boring; a vehicle for examinations of important issues and observations on my encounters and experiences in an industry where polarised views and hyperbole are the norm.
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Cornered!
VoIP market getting tougher
Cornered!
VoIP market getting tougher | VoIP market getting tougher |
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| by Stuart Corner | |
| Monday, 03 September 2007 | |
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Page 3 of 3 What Engin did not repeat this year was its boast of July 2006 that it would have close to 100,000 subs by June 2007 even without the additional funding that was later received from Seven! Featured Whitepaper
5 Best Practices for Smartphone Support
It will certainly need to do something to reduce its cash burn rate. These results were accompanied by some unexpected staff changes. First and foremost was the revelation that the new CEO, Max Alexander, to have been imported from the UK, would no longer be coming. It had been envisaged that the current CEO, Ilka Tales would continue for a transition period and he will remain until a new CEO is found. When Alexander's appointment was announced on 31 July his experience was seen as key to Engin making the transition from a simple VoIP player to full-blown triple play provider. Engin chairman, Will Jephcott, said at the time: "He is the ideal person to take Engin forward in its next stage of development. With a special focus on marketing, he brings to Engin significant experience in building the fastest growing telecoms business in the UK coupled with media and Internet experience at Sky. Max's experience at growing companies and his demonstrated operational capabilities provide the skills we need to take the company forward during what is expected to be a high growth phase." The company will now likely struggle to regain momentum lost from this unexpected development. Engin also announced last week the resignation of Jephcott, foreshadowed earlier in the year, and of CFO Paul Jeronimo. He will be replaced by Mark Zworestine who for the past 8 years been the CFO and group company secretary at E*TRADE Australia.{moscomment} |
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