Author Topic: VOIP and the Filipinos  (Read 913 times)

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VOIP and the Filipinos
« on: September 01, 2007, 03:25:59 AM »
By Michelle Remo
The Philippine Daily Inquirer


It still pales in comparison with mobile phones as far as penetration goes, but the voice-over-the-Internet protocol (VOIP) is regarded as the next technology that will boom in the Philippines.

"With many Filipinos working overseas, more and more families will see the benefits of VOIP especially because it results in huge savings for them," Lance Lomako, chief executive officer of California-based Momentum Plus, told the Philippine Daily Inquirer in an interview.

VOIP enables users to make voice calls using the Internet but at a cheaper rate than using an ordinary telephone.

With VOIP, families can talk for an unlimited time for about $4.95 a month or a little over P200, compared to overseas phone calls averaging P4,500 a month.

Optimistic

Since Filipinos have loved ones scattered all over the globe, Momentum is optimistic about its business prospects here.

Momentum Plus was put up on July 4, 2003 and is one of the world's leading distributors of VOIP products worldwide with a presence in 50 countries.

Among its top officials are Filipinos--Ding and Lenny Santos--who have been staying in California for more than 20 years.

In the Philippines, Momentum Plus has been in business since 2005 through its subsidiary, Fortune Plus Global Philippines Inc.

Without disclosing figures, Lomako said Momentum Plus recorded a 420-percent growth in gross revenues last year from its worldwide operations.

Challenge in RP

This year, he said, sales are expected to grow by 800 percent.

The challenge in the Philippines is to encourage Filipinos to get VOIP access.

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