Ooma, Inc., a leading smart communications platform for businesses and consumers, has successfully acquired 2600Hz, Inc. The acquisition, valued at approximately $33 million in cash, closed on October 20, 2023. This strategic move is set to enhance Ooma’s business solutions and expand its market reach. The purchase was partly financed by a $30 million revolving…
A recent study conducted by Juniper Research, a renowned telecommunications authority, has revealed that the escalating costs of SMS authentication services and the emergence of fraudulent activities are poised to curtail the demand for SMS-based authentication among enterprises. As a result, telecommunications operators are projected to witness a mere 4% increase in traffic in 2024,…
Last week, the investment firm KKR took a significant step forward in its pursuit of a stake in Telecom Italia’s (TIM) anticipated NetCo, which encompasses the company’s fixed-network. While specific financial details were not disclosed, it’s believed that KKR values the assets at roughly $23 billion. On the other hand, Vivendi, TIM’s largest shareholder, thinks…