Skype, a free Voice over IP company that is unique in using peer-to-peer technology to connect phone callers, has just raised which has just $18.8 million.
To use Skype, callers download software onto their computers and then use their Internet connection for voice conversations with other Skype callers -- who also must use the same software on their computers to connect.
Needless to say, Telecom carriers risk losing a lot of revenue if phone conversations are conducted over the internet rather than via the public switched telephone network. Already, several telecom and technology vendors -- including AT&T, British Telecom and Yahoo -- are testing the VoIP consumer market with new services.
[Source: Reuters]
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