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Ottawa-based Versature acquired by net2phone

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The IDT owned VoIP communication service provider net2phone has announced the acquisition of the SaaS-based business phone and communication solutions provider Versature. The two companies will join forces and continue to provide Canadian companies with innovative communication services. “This transaction will accelerate Versature’s growth trajectory in Canada through a powerful alignment of values and innovative technology for voice and call analytics combined with ready access to capital. As a result, Versature will scale Canadian operations by attracting top talent while continuing to innovate and aggressively pursue opportunities in the Canadian market,” commented Versature’s President and COO, Jonathon Moody. With the addition of Versature, net2phone has expanded its operational coverage, which now includes Canada, the US, Brazil, Argentina, Mexico, Colombia, Spain and Hong Kong. Moreover, the combined revenues of both companies for May, June and July totaled over $5 million. “We continue to be very pleased by the trajectory of net2phone’s…

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Vodafone and Idea merge to become India’s largest telecom

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Vodafone India and Idea Cellular have finally completed their $23 billion merger after the National Company Law Tribunal approved their request to join forces in becoming the number one telecom service provider in India. The new entity will be listed as Vodafone Idea Ltd and will have a base of over 400 million subscribers (35% subscriber market share and 32,2% of the market revenue share), surpassing the long-time market leader Bahrati Airtel. The rival that aroused the idea for the merger with its successful entry into the market, Reliance Jio, is left in third place. “Today, we have created India’s leading telecom operator. It is truly a historic moment. And this is much more than just about creating a large business. It is about our Vision of empowering and enabling a New India and meeting the aspirations of the youth of our country,” commented the chairman of the new board…

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Unreal mobile will bring unlimited data and VoIP calls

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FreedomPop, the California based company operating in the US and UK, will launch a new MVNO (Mobile Virtual Network Operator) called Unreal mobile. Until now FreedomPop focused on its free-of-charge mobile plan for customers with small needs, making money from their other plans. With Unreal Mobile, they offer a full service carrier using the Sprint network. Unreal will offer unlimited data for $15 per month, with no contract. Not only that, but Unreal Mobile number can be used on any device, meaning not only on smartphones but also on tablets and computers. The way it works is a SIM card is needed for the main smartphone, that works with a regular voice network, then Unreal Mobile, with VoIP technology, allows the user to use different devices with the same number. This announcement is a direct result of Sprint and T-Mobile merger. Mauricio Sastre, FreedomPop SVP Strategy and Carrier Relations said…

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M&A

T-Mobile – Sprint, merger talks back on !

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Sprint and T-Mobile, two important mobile operators in America, have resumed discussions on a merger of their activities in the United States. In the world of telecoms, it seems that there are some things that never end. In the US, the prospect of a marriage between the mobile operators, T-Mobile and Sprint, regularly makes headlines. According to the Wall Street Journal, discussions have recently resumed between these two players, respectively number three and four of the market, behind the unstoppable tandem formed by the giants Verizon and AT&T. According to the business daily quoting sources familiar with the matter, the negotiations are “at a preliminary stage”. With all the failures of mergers that they faced in the past, we understand that the two boards are cautious … As a reminder, the two actors had once again attempted to join forces late last year. But they failed to reach an agreement, ending their…

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