My view about VOIP

I view VOIP technology as a potential threat to traditional telephone companies. As we have seen, the traditional telephone companies has already lost thousands of customers to cell phone companies. If this trend continues (cell phone companies coming up with constant innovations), the traditional telephone companies would face extinction in the years to come. So, I would recommend them to fight fire with fire. That is, the traditional telephone companies should also implement such technology for the user through which they can pay their bills. And also the fact remains that traditional phone companies can always take the advantage of using VOIP with which it can make long distance calls at a cheap price. For example, Vonage is doing exactly that and reaping profits out of it. The other traditional phone companies will also have to come up with new ideas and innovations if they don’t want to become obsolete.