
Just a week after incredible gains and speculation in Vonage Holdings (NYSE: VG) pushed its stock up over 400% in just a few days, the internet telephone company announced that Apple Inc. (NASDAQ: AAPL) has approved its iPhone app.
This is significant because of the nature of the app; it will allow iPhone customers to use their iPhones to place VoIP calls over the internet instead of using AT&T Inc.'s (NYSE: T) wireless network.
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