Rebtel sees revenue increase by 120% in 2010

Rebtel seems to be living up to its name and is trying to stage its own VoIP revolution.

Rebtel has surpassed 10 million users worldwide. The mobile VoIP start-up has also seen revenues increase by more than 120 percent to $40 million in 2010. The company is on track to make $75 million in revenue by the end of 2011. The company sees its success coming from its focus on innovations to bring its service to the iPhone, Blackberry, and Android phones. Rebtel has also expanded into Africa, Asia and the Middle East, by building its customer base.

"These are fantastic results, which confirm Rebtel is a serious player in the mobile VoIP market. We are thrilled to be growing at such a rate and plan to keep up this pace for the rest of 2011 and beyond. We have a detailed plan of action for the coming months and will be releasing more innovative and viral applications that help us deliver high quality and low cost international calls for the consumer market,"  Rebtel CEO Andreas Bernström said, in the release.

With over one billion international call minutes logged since the company launched in 2006, the company is seeing its fast growth as a challenge to current mobile VoIP leader, Skype. As has been the case in the past, Rebtel used its milestone announcement to compare itself to its competitor implying that they have their eyes on the crown.

For more:
- read the release

Related news:
Rebtel CEO offers insight into Skype IPO
Skype launches $100 million IPO