O2, the mobile arm of Telefonica Europe, appears to be the winner of a bidding war for voice over IP start-up Jajah, according to a report on TheMarker that Reuters is citing.
O2 is expected to buy Jajah this week for $200 million, according to a report on the Hebrew language news site. Cisco Systems and Microsoft were rumored to have been competing for the VoIP start-up.
Jajah representatives did not immediately respond to requests for comment.
Jajah, which provides low-cost international calling to more than 25 million users, already has the ability to terminate calls or transfer calls from … Read more