Telefonica has acquired VoIP services provider Jajah for EUR 145 million in an all-cash transaction. The agreement is subject to formal clearance by the Spanish competition authority CNC. Based in Silicon Valley, California, and Israel, Jajah was founded in 2005 and in March 2006 introduced a VoIP service for mobile phone owners using internet. Jajah went on to raise USD 28 million in VC funding from investors like Sequoia Capital, Globespan Capital Partners, Deutsche Telekom and Intel. Jajah says it currently serves over 25 million consumers and business callers in more than 122 countries, and provides calling access to more than 200 destinations globally. Jajah will continue to operate under its current brand reporting into Telefonica Europe. The European unit will be the first of Telefonica's regional business divisions to offer seamless Jajah services to customers wishing to extend their communications experience.
