KeyOn Communications Holdings, Inc, one of the largest providers of wireless broadband, satellite video and currently VoIP services in the U.S., said in a statement that today the company acquired CommX, an established VoIP operator. Dr. Patrick Soon-Shiong of California Equity LLC holds the largest shares in KeyOn Communications.
He has built and sold two multi-billion dollar pharmaceutical companies in the last decade including Abraxis BioScience to Celgene Corporation.
The market for phone calls over the Internet is projected to increase two-fold to $40 billion within the next five years, Point Topic researchers said.
They said on Wednesday growth of fixed-line VoIP services grew 12.6 percent across the globe last 2010 with revenues up to $17.3 billion. More people are aware and are knowledgeable in the use of VoIP phones and interface such as Skype.
Telecom company Etisalat and Korean electronics company LG on last Tuesday joined forces for delivering content through LG's smart TVs using Etisalat's broadband service in UAE.
As result of this alliance, Etisalat stated that its video on demand service, OnDemand and web based video service OnWeb which will readily be available to its fiber-connected residential customers on all of Smart TVs of LG.
A recent VoIP systems report revealed that several fixed-line broadband users are ditching their fixed line telephone services for the more popular VoIP solutions – after it was found out that the VoIP market is booming at such a rate that the industry is expected to generate around US$40 billion per year in 2015.
UK websource organization, Point Topic, have claimed that VoIP has a global customer base of over 120 million, which data recording a growth of 12.6 per cent in usage throughout 2010, creating worldwide profits of around $17.3 billion.
Users of digital TV will double between 2010 and 2016 to 1.1 billion, according to a report covering 73 countries written by Digital TV Research. The Digital TV World Household Forecasts report anticipated that digital penetration will increase from 42.5% at end-2010 to 80% by 2016. By 2016, 33 countries will be completely digital at end-2010.
Researcher Simon Murray said: “Of the 613 million digital TV homes to be added between 2010 and 2016, some 256 million will come from digital cable. Primary homes taking DTT but not subscribing to cable, DTH or IPTV will bring in a further 154 million, with pay DTT adding 5 million. Pay IPTV will increase by 121 million, with pay DTH up 56 million and FTA DTH 22 million, respectively.”