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February 08, 2013
Rebtel Set to Enter the Stock Exchange in Upcoming Years
By Raju Shanbhag, TMCnet Contributor
While inflation continues unabated in most parts of the world, the amount spent on phone bills are steadily decreasing. Thanks to the Internet, users can now make international calls at surprisingly low prices. Companies like Rebtel (News - Alert), which provides these services, have registered impressive growth in the last few years.
Rebtel claims the company is the second-largest provider of voice calls over the Internet after Skype (News - Alert), and the company is all set to prove that in stock market. Rebtel Chief Executive Andreas Bernstrom stated that the company might go for a stock market listing if it meets its growth targets in the next two to three years.
The company is set up to meet its targets, as it offers international calls at cheap rates, and sometimes, even for free. While this is hurting the business of traditional telecom operators, Rebtel and Skype are busy creating ripples in the telecom world.
Skype was recently bought by Microsoft (News - Alert) and concentrates mainly on video calls over PCs. Rebtel differs a little and seeks to keep itself more mobile and provides a mobile app to the users. With this app, they can make cheap calls on the go.
Unlike other services, Rebtel doesn’t even need a smartphone to use its app. Users can install this app on any regular mobile or landline phones and can save up to 98 percent of their phone bills. It also allows making free mobile to mobile calls to any Rebtel member. Recently, the company also introduced its new SDK for iOS and Android (News - Alert).
“Listing is certainly an option," Bernstrom said. "My view is that in a couple of years, if the market allows it, that might be an interesting option. VoIP players are creating a major headache for traditional telecom companies, whose voice calls make up the bulk of revenue. Plunging prices have offset growth from video downloads and mobile internet use on smartphones and tablets.”
Edited by Rachel Ramsey
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