Yes, your welcome to install anything you like on your Virtual Private Server, Cloud or Dedicated Server. Keep in mind that the more seats you have dialing the more server resources (RAM, CPU, Bandwidth) you will use. If you reach your peak quota(s) your call quality may suffer.
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How to install cPanel on my Cloud
To install cPanel/WHM on your cloud, vps or dedicated server, you will need to use a program such...