Last week the industry was abuzz with rumors that next generation phone company Ribbit, was sold to BT for $55 million. While the rumored sale is still unconfirmed, one reason why BT would want Ribbit has not yet been discussed; Mobile VoIP. You see Ribbit has a pretty slick iPhone application, that while not released yet, would enhance BT’s current Mobile VoIP offering. Sure, there is Ribbit’s 4,000 platform developers who might be worth something, but not $55 million. With Mobile VoIP companies like Nimbuzz (who grabbed a second $13 million round in funding) I think that BT sees Ribbit as an affordable way to enhance their current Mobile VoIP pursuits.
Pabent's latest comments
17 Jul 2008
Last week the industry was abuzz with rumors that next generation phone company Ribbit, was sold to BT for $55 million. While the rumored sale is still unconfirmed, one reason why BT would want Ribbit has not yet been discussed; Mobile VoIP. You see Ribbit has a pretty slick iPhone application, that while not released yet, would enhance BT’s current Mobile VoIP offering. Sure, there is Ribbit’s 4,000 platform developers who might be worth something, but not $55 million. With Mobile VoIP companies like Nimbuzz (who grabbed a second $13 million round in funding) I think that BT sees Ribbit as an affordable way to enhance their current Mobile VoIP pursuits.