Starting in November, MySpace’s 110 million active users will use Skype-enabled MySpace’s instant messaging client, MySpaceIM for free calling.

This is the first time that Skype has allowed its technology to be integrated with a 3rd-party application.

MySpace users with a Skype account will be able to call the computer or telephone number of another member with a single click on button in their MySpace profile. Users can make free calls using MySpaceIM without downloading any additional Skype software or sign up for Skype account.

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Standard PC-to-PC phone calls will be free but users have to pay for ‘premium’ options like their own personal phone number, voice mail, call forwarding, and the ability to make calls from a computer to land lines or cell phones.

In addition, the integration of MySpace and Skype will allow MySpace users to transfer information, such as portraits, from their profiles to their Skype accounts. Users who have set their MySpace profile in ‘private’, they will not receive any Skype call from someone who is not on their friend list. Users can select their individuals and add them in their Skype personal contact list.

MySpace, the largest social networking site with 110 million users will share its revenue from the deal with Skype, which allows its customers to make a long-distance calls using their computers. The service would be available in 20 countries.