Swedish Skype-rival Rebtel may list in 2-3 years: CEO

Thu Feb 7, 2013 12:16pm EST
 

By Simon Johnson

STOCKHOLM (Reuters) - Rebtel, which says it is the world's second-biggest provider of voice calls over the Internet after Skype, could go for a stock market listing in the next two to three years if it meets its growth targets, its CEO said.

Voice over Internet (VoIP) players like Rebtel and Skype offer calls for free or at a fraction of the cost charged by traditional telecom operators and have been growing rapidly in recent years.

While Skype, bought by Microsoft Corp for $8.5 billion in 2011, initially focused on video calls over PCs, Rebtel's service is accessed by a mobile phone app.

It has around 20 million users compared with Skype's 145 million.

Chief Executive Andreas Bernstrom sees revenue rising to more than $100 million this year from $80 million in 2012, and to between $150 million and $200 million in three years, he told Reuters.

By that time its user base should have grown to 50 million, he said.

"Listing is certainly an option," Bernstrom said. "My view is that in a couple of years, if the market allows it, that might be an interesting option."

Rebtel has been profitable since 2010.   Continued...