11 April, 2008 10:31
The purchase means that Truphone will acquire both SIM4travel's travel SIM capability and its Mobile Virtual Network Enabler (MVNE) platform. Integration of SIM4travel's assets into Truphone's own portfolio will begin immediately and take several months to complete.
Through the purchase, Truphone will take ownership of SIM4travel's infrastructure, customer base, distribution and staff in Portugal and London.
James Tagg, Truphone's CEO, said: "This completes Truphone's GSM core network, allowing us to offer global mobile operator services. We're already enabling customers to make low-cost Wi-Fi calls and soon we'll be able to provide the added convenience of low-cost GSM calls too, all on a single, worldwide, Truphone SIM."
Post to del.icio.us
Truphone makes strategic acquisition of SIM4travel assets
London Mobile internet network operator Truphone has concluded an agreement to purchase the business of SIM4travel by way of an asset purchase agreement.The purchase means that Truphone will acquire both SIM4travel's travel SIM capability and its Mobile Virtual Network Enabler (MVNE) platform. Integration of SIM4travel's assets into Truphone's own portfolio will begin immediately and take several months to complete.
Through the purchase, Truphone will take ownership of SIM4travel's infrastructure, customer base, distribution and staff in Portugal and London.
James Tagg, Truphone's CEO, said: "This completes Truphone's GSM core network, allowing us to offer global mobile operator services. We're already enabling customers to make low-cost Wi-Fi calls and soon we'll be able to provide the added convenience of low-cost GSM calls too, all on a single, worldwide, Truphone SIM."
Share this article with others
Post to del.icio.us
Printed from http://www.mobileeurope.co.uk/news_wire/113795/Truphone_makes_strategic_acquisition_of_SIM4travel_assets_.html
Comment on this article
Skip to comments
We encourage users to analyse, comment on and even challenge Mobile Europe's articles, including the one above - 'Truphone makes strategic acquisition of SIM4travel assets '
User reviews and comments that include profanity or personal attacks or other inappropriate comments or material will be removed from the site.
Additionally, entries that are unsigned or contain "signatures" by someone other than the actual author will be removed. We will take steps to block users who violate any of our posting standards, terms of use or privacy policies or any other policies governing this site.