Google Poised to Become Your Phone Company

Google is set to become your new phone company, perhaps reducing your phone bill to zilch in the process.

Seriously.

Google has reportedly spent $30 million to buy Gizmo5, an online phone company. The service is akin to Skype — but based on open protocols and with a lot fewer users.

Gizmo5’s founder Michael Robertson, a brash serial entrepreneur, would only say that he could not comment on rumors when asked by Wired.com about a story TechCrunch ran Monday reporting the acquisition.

Google ignored a request for comment from Wired.com about the reported acquisition.

It’s a potent recipe — take Gizmo5’s open standards-based online calling system. Add to it the new ability to route calls on Google’s massive network of cheap fiber. Toss in Google Voice’s free phone number, which will ring your mobile phone, your home phone and your Gizmo5 client on your laptop.

Read more: wired.com