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NEW YORK (AP) - German telephone company Deutsche Telekom AG, the parent of T-Mobile, said Tuesday it has invested in Jajah, an upstart firm that lets customers bypass long-distance fees by connecting their calls over the Internet.
The venture funding arm of Deutsche Telekom joined computer-chip maker Intel Corp. in leading an investment round totaling $20 million. Intel's participation was announced earlier this month. The specific amount invested by each participant in the round was not revealed.
Founded in Austria in 2005, Jajah has emerged as the third model of Internet calling, also known as Voice over Internet Protocol, or VoIP. Users go to the company's Web site and enter two phone numbers — their own and the number they want to call. The company calls both numbers. If the calls are answered, Jajah connects them to each other, making it a high-tech version of the long-distance calling card.
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