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Truphone makes strategic acquisition of SIM4travel assets


London, UK – 11th April 2008. 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.”

[ends]

Notes to editors

1. Truphone is the trading name of Software Cellular Network Limited.
2. For SIM4travel's associated announcement, see here.

Press contact

Both Barrels Communications Ltd (for Truphone)

Truphone@bbcomms.co.uk
Isabelle Bano - Tel. +44 208 255 5225

Tim Donnelly Smith - Tel. +44 7624 000275

About Truphone

Truphone develops Internet Protocol-based (IP-based) mobile internet telephony, delivered by means of 3G mobile networks and Wi-Fi networks. The Truphone service enables free and low-cost calls for customers by routing calls via Wi-Fi and the Internet.

The service is presently in a 'beta' state and offers Voice-over-IP and SMS-over-IP capabilities. This beta service was announced in mid-2006, when Truphone became the first company to introduce true internet telephony for mass market mobile phones.

Truphone is the trading name of Software Cellular Network (SCN). SCN is privately owned, funded by both venture capital investment and angel investors.

Important information

Truphone is not a replacement for an ordinary telephone service and emergency calls cannot be made using Truphone. However Truphone does not prevent emergency calls being made via a handset’s normal cellular service provider.

Truphone cannot advise on the legality of VoIP services in specific territories or jurisdictions. It is the user's responsibility to confirm that use of the Truphone VoIP software and service is permitted in the location in which they use it.


Publisher Contact Information:

Both Barrels Communications Ltd
+44 208 255 5225
Truphone@bbcomms.co.uk

Company profile of Truphone
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