Mobile internet network operator Truphone has bought SIM4travel for what is believed to be £3m.
The purchase means that the operator will acquire both SIM4travel’s travel Sim capability and its Mobile Virtual Network Enabler (MVNE) platform. It will also own SIM4travel’s infrastructure, customer base, distribution and staff in Portugal and London.
Truphone has raised around £16.5m to further develop the two companies.
SIM4travel’s managing director, Paul Buck, said: ‘We are extremely excited about this deal. There are obvious synergies between the two companies.’