Yeigo spreads ownership

Yeigo Communications, which last year launched a technology that offers voice over internet protocol (VoIP) services for cellphones, has sold a stake to US-based Quality One Wireless. The amount was not disclosed.

By - April 10, 2008
Yeigo spreads ownership

Quality One, based in Florida, distributes cellphones and accessories. The partnership gives Yeigo access to the US technology market. Rapelang Rabana, the chief executive of Yeigo, said the shareholding was "multimillion-dollar and significant, but not controlling".

She said the partnership would provide Yeigo with an immediate presence in the US and would allow the local firm to leverage on Quality One's relationships with other technology groups.

"[This partnership] now provides us with our desired global platform for greater access to new markets and the capacity to conclude major licensing deals," she added.

Quality One's president, John Chiorando, said in a statement this week: "Differentiation and value-add, through new services such as data recovery and inexpensive conference calling that can be fully integrated on the Yeigo platform, will be pivotal for players in the global telecoms arena.

"By partnering with Yeigo, we are guaranteed to receive evolving innovation that keeps up with the high demand of these users."

Yeigo was founded in 2005 by Rabana and two other University of Cape Town graduates, Lungisa Matshoba and Wilter du Toit.

The company saves users money by directing their voice calls through the internet through wi-fi hot spots or the operators' data networks, rather than over the voice network. The only cost incurred by a Yeigo user is that of connecting to the internet.

Calls made through a wi-fi connection could be totally free to the user in a freely available hot spot. In addition, a Yeigo user who calls a non-user will enjoy substantial savings on the cost of calls.

Rabana said that since its launch last year, the company has spent most of its time on research and development.

It plans to license the software platform to other major players seeking to provide cellphone VoIP calls.

Last year the technology firm launched Yeigo Lite, which is compatible with most cellphones that support the Java platform. Yeigo Lite provides some of Yeigo's functions, such as cost benefits for international calling, short messages and free instant messaging.

Business Report

 

Shutterstock is the image partner of MyBroadband – more technology images

Join the conversation

Connect with Us

androidappletwitterfacebookgoogleplusfeednewsletter

Poll

Are you concerned that your communications are spied on?

View Results

Loading ... Loading ...

More News

Medupi power station delayed because the ancestors are upset

Medupi

The reason the Medupi power station is suffering delays is because graves were disturbed during construction, upsetting the ancestors, the CRL Rights Commission said on Tuesday.

R169 uncapped mobile data SIM reviewed

Data Sim

We put Data SIM’s uncapped mobile data service for R169 per month through its paces to see how it performs.

Twitter’s Periscope live video streaming app launched on Android

Periscope (Twitter) for Android

The live video streaming app that Twitter acquired in March is finally available on Android

iPhone 6 bendgate replacements in South Africa

iPhone 6 and iPhone 6 Plus press shot

After reading that iPhone 6 owners in the US with bent devices can get free replacements, South Africans are asking whether they qualify, too.

X

Newsletter Subscription


Name
Email *
Enter the following to confirm your subscription *
Captcha image


Free MyBroadband Newsletter
Subscribe
X
bool(true)