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."