Telefónica Buys VoIP Player Jajah
Telefónica SA (NYSE: TEF) today confirmed that it's buying VoIP services and applications specialist Jajah Inc. for €145 million (US$208 million) in cash.
The VoIP specialist will retain its brand and become part of Telefónica Europe plc (O2) , which operates mobile and fixed operations in multiple markets under the O2 brand and boasts nearly 49 million customers in the region. Globally, Telefónica has more than 260 million customers in 25 countries.
News of the deal leaked earlier this week. (See Rumor: O2 Wins Race to Buy Jajah.)
Jajah says its services, which are available directly to users or embedded as part of other online services, such as Yahoo Inc. (Nasdaq: YHOO) Messenger, are used by more than 25 million individuals and businesses in more than 200 countries.
For more background, see our previous story on the deal.
— Ray Le Maistre, International News Editor, Light Reading