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O2, the mobile arm of Telefonica Europe, appears to be the winner of a bidding war for VoIP company Jajah, according to a report on Israeli financial news site TheMarker.
O2 is expected to buy Jajah this week for $200m (£120m), according to the report. Cisco and Microsoft were rumoured to have been competing for the VoIP firm.
Jajah representatives did not immediately respond to requests for comment.
For more on this story, see Report: O2 to buy VoIP start-up Jajah on CNET News.
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Talkback
For how long can a company be called a "start up"?
Jajah was founded in 2005 and has been well-established for
several years since then.
That's a good point. We've amended the story to take that into account. Thanks for reading and for helping us publish great stories.
Karen