RENEE MONTAGNE, host:
Our last word in business today: Skype. Traffic is soaring on that free, Internet-based calling service. According to the research firm TeleGeography, the number of calls on Skype grew much faster than the overall growth in overseas calls. Despite losing market share, it's not all doom and gloom for conventional phone companies.
Ian Fogg is an analyst for the marketing research firm Forrester Research.
Mr. IAN FOGG (Analyst, Forrester Research): People are communicating a lot more. People are making more phone calls. They're using instant messaging. They're using email. They're using Skype. They're using other ways of - using the Internet to talk.
MONTAGNE: So rather than treating Web-based phone services as rivals, British and European phone companies have decided it would be more lucrative to friend them by investing in them.
That's the business news on MORNING EDITION from NPR News. I'm Renee Montagne.
STEVE INSKEEP, host:
And I'm Steve Inskeep.