Skype Launches Even Cheaper Voice Call Subscriptions

Skype is launching a new set of subscription plans that would make it even cheaper to call landline and mobile phones in about 170 countries. They come as a 60-minute to unlimited calling packages and are available in 1-month, 3-month and 12-month plans. Skype says that prices to many (if not all locations) across the globe are going to be around a penny a minute.

The company currently accounts for 12 percent of the world’s international calls, according to TeleGeography Research. Converting its huge base of users — over 550 million at last estimate — to paying for voice minutes is the only viable business for Skype — for now. It needs to ramp up its revenue stream in order to get big enough and go public fast. The company needs to be getting over billion dollars in revenues to get a strong welcome on the public market.