US VoIP provider Net2Phone expects to announce several key strategic partnerships in Q4 2005 to boost its penetration in the Latin American VoIP market, said Net2Phone's senior vice president and director, Jose Colagrossi. Without providing specific details, Colagrossi said the company was at an advanced stage of negotiations. He added that the company is now signing on average two strategic partnerships in the region every quarter and that trend should accelerate in the short term. This company was built on the premise that VoIP technology would one day become the technology of choice in Latin America. The executive brushed off the suggestion that the VoIP market was becoming very competitive, saying that competition is good. He could not give market share estimates. Net2Phone supplies VoIP solutions to broadband ISPs, portals, cable companies and other VoIP providers. The company has among its partners Cable & Wireless in the Caribbean, ETB in Bogota and Colombia, Advanced Communications Network in Panama, and A5 Ventures Advisory, which controls Hip Telecom in Brazil. A few weeks ago, Net2Phone signed a strategic partnership with Brazilian cable company TVA.
