Net2Phone announced contracts to provided outsourced cable VoIP services for Coditel Belgium, Coditel Luxembourg and Est Videocommunication in France, all members of the Altice One group, representing franchises passing 520,000 homes. These cable franchises will begin offering Net2Phone’s cable VoIP solution to their subscribers in the fourth quarter of 2004.
Net2Phone also announced that it has introduced a warrant incentive program, allowing selected cable operators to earn warrants to purchase shares of Net2Phone common stock. The Board of Directors has reserved up to five million shares for issuance under this plan. The Altice One group represents the first of several cable operators who have opted to join the warrant program. http://www.net2phone.com
