Spanish Telefonica has agreed to acquire popular Austria-based VoIP provider Jajah for 145 million euros, which is about $207 million.
Telefonica said the deal “opens up new capabilities in the voice communication space” for the company.
In a statement, Telefonica Europe’s Chairman and CEO, Matthew Key, said: “People using social networking sites such as Twitter now have an even wider range of communications channels available – and have the option of speaking directly to each other as well as communicating by text or keyboard.”
Under the deal, Jajah will continue to operate under its own brand and report to Telefonica Europe.
Now I wonder what the real deal behind the move is? Competing with Skype and Google Talk? Being prepared for the next wave of data-only communication powered by LTE? Any thoughts?
[Via: AP]