O2, Telefonica's mobile arm, is set to acquire VoIP startup Jajah, according to The Marker. O2 is expected to close the deal this week for $200 million, but neither company has confirmed anything at this time, says CNET News.
Should O2 complete the deal, the company will have successfully beat out the likes of Cisco and Microsoft. The VoIP market is poised to benefit from increased deployment of unified communications by businesses. O2 stands to acquire Jajah's 15 million subscribers and VoIP service that allows those subscribers to call 125 countries, according to VentureBeat.