MidNet Inc. Expands Videophone Network Capabilities, Sees Growth in VoIP and Video Users

Strategic Insights -

MidNet Inc., creator and operator of The Middle Network, a commercial complement to the Internet, has announced the signing of a Bilateral Service Delivery Agreement with Galaxy Multi Media Corp., a wholesale VoIP service provider. This agreement will enable The Middle Network to be connected to the worldwide public telephone network, allowing users to make and receive regular phone calls worldwide, while ensuring backward-compatibility with traditional voice-only telephone systems. The partnership highlights the growing trend of Voice over Internet Protocol (VoIP) adoption, with the number of VoIP users projected to grow from 5 million in 2005 to 27 million in 2009, according to International Data Corporation.

Key Takeaways:

  • MidNet Inc. has signed a Bilateral Service Delivery Agreement with Galaxy Multi Media Corp., expanding its videophone network capabilities and enabling integration with the public telephone network.
  • The agreement will allow users of The Middle Network to make and receive regular phone calls worldwide, while maintaining backward-compatibility with traditional voice-only telephone systems.
  • The partnership marks a significant step in the growth of VoIP, with projected user numbers increasing from 5 million in 2005 to 27 million by 2009, according to International Data Corporation.
  • MidNet's videophone services over The Middle Network will be supported by Galaxy's wholesale VoIP services, providing enhanced calling features and security to users.
  • The agreement has been seen as a significant development in the migration from traditional public telephone systems to VoIP, with The Middle Network supporting VoIP and VoIP-with-Video calls.
  • Tilo Kunz, President and CEO of MidNet, stated that the agreement will enhance the value proposition for videophone subscribers on The Middle Network, citing the company's extended security and privacy features on the Internet and third-party private networks.

Statistics:

  • 5 million VoIP users in 2005, projected to reach 27 million by 2009 (International Data Corporation).
  • MidNet's shares are trading at around $0.39.
  • Galaxy Multi Media Corp. is a wholesale VoIP service provider with long-distance services and enhanced calling features.
  • International Data Corporation estimates that the VoIP user base will continue to grow as video capabilities are exploited.
  • The Middle Network supports VoIP and VoIP-with-Video calls.

Sources:

  • LiquidStockReport.com
  • M2 COMMUNICATIONS LTD
  • International Data Corporation