For Immediate Release
Chicago, IL – January 25, 2010 – Zacks.com announces the list of stocks featured in the Analyst Blog. Every day the Zacks Equity Research analysts discuss the latest news and events impacting stocks and the financial markets. Stocks recently featured in the blog include: Telefonica (TEF), eBay (EBAY), Google (GOOG), Cisco Systems (CSCO) and Microsoft (MSFT).
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Here are highlights from Friday’s Analyst Blog:
Telefonica Wraps Jajah Acquisition
Spanish Telecom giant Telefonica’s (TEF) subsidiary O2 has officially wrapped up the acquisition of VoIP (Internet phone) services and application specialist Jajah Inc. following the approval of the Spanish Competition Authority (“CNC”). Telefonica will keep the Jajah brand.
Telefonica announced the acquisition of Silicon Valley based Jajah in December 2009 for €145 million (US$207 million) in an all-cash transaction. The deal is similar to eBay’s (EBAY) $3.9 billion acquisition of Skype in 2005 and Google’s (GOOG) $50 million takeover of GrandCentral in 2007 which now operates as Google Voice. Skype competes with Jajah and both offer cheap calling plans to win customers.
Leveraging its own virtual network infrastructure, Jajah offers VoIP services that enable its customers to bypass long-distance fees by connecting their calls over the Internet. Industry sources reveal that several companies such as Cisco Systems (CSCO) and Microsoft (MSFT) were also eyeing Jajah.
VoIP services, which represent a significant threat to traditional network-based phone services, is about to see mercurial growth in the next several years, driven by widespread access to broadband Internet and availability of cheap VoIP services. The global consumer VoIP market is forecasted to reach roughly $44 billion in 2013.
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