Reuters is reporting that Internet VoIP service provider Jajah is selling to O2, the mobile phone division of Telefonica, this week for $200 million.
If O2 has indeed landed the VoIP company – and the deal has yet to be officially confirmed – then it will have won out against Cisco Systems Inc. and Microsoft Corp., Reuters said.
Jajah, an Israel-based startup, has attracted a lot of attention since its 2005 inception. It competes with Skype and, since last year, has served as the voice foundation for Yahoo! Inc.’s Messenger service. Jajah also is said to be forging a deal with Microsoft. It has raised $35 million from investors including Deutsche Telekom and Intel Capital over the past four years.
Jajah claims 15 million users and recently connected its 1 billionth call, according to reports. Jajah’s VoIP technology allows cheap phone calls to landline or mobile devices through its Web site.
.@MicroCorp is targeting the "exploding" Southwest partner scene. goo.gl/fb/VFWJ6k
February 15 2019 @ 14:45:26 UTC