I occasionally travel outside the US and when I go I always bring along my Tru SIM card so family, friends, and colleagues can reach me on the go and I can stay connected with my various smartphones. Thus, I was pleased to hear the news this morning that Truphone secured an investment of £75 million to continue expanding their service offerings.
Steve Robertson, Chief Executive of Truphone, stated the following:
Our business is based on a global model, unique in mobile telecoms. Staying connected is crucial to the way we live our lives and the demand for connectivity is growing. This funding round will enable us to continue to bring the promise of a mobile phone service without international borders into new markets across the world.
I understand they will use this additional funding to open businesses in Netherlands, Hong Kong, Poland, Germany and Spain while also adding about 500 employees over the next 18 months. Truphone is one of the first communications apps to launch on the new.