Telefonica buys JAJAH

Rumors just before the year's end had surfaced that O2 was going to purchase Internet VoIP company JAJAH and it looks like they were true. Telefonica, O2's parent company, has reportedly purchased JAJAH for $207 million.

JAJAH works much like Skype in that users make VoIP calls over the Internet. The purchase will see JAJAH service launched for O2's European wireless customers. Also, the addition of the JAJAH service will allow Telefonica and O2 to offer low-cost international calling via VoIP to their wireless customers.

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