Cubic Telecom Raises EUR5M
Filed in archive Companies by Dameon Welch-Abemathy on August 30, 2007

One of his projects: AllFreeCalls.net, had to be changed to get around the telecom regulations here in the US. Even with the new system, Yak4Ever, it's still possible to make free International calls for the price of a domestic long distance call. Other projects, including Roam4Free and the upcoming MaxRoam, relate to reducing or eliminating mobile phone roaming charges while abroad.
I wish Pat and his crew at Cubic Telecom the best of luck with the 5 million Euros they were able to raise. I know they'll do a lot of good with that money. Press release after the jump.
CUBIC TELECOM TO PUT EUR5M TOWARDS FREE SPEECH
- Cubic raises EUR5M funding for breakthrough global telephony service
- Services to become available in 160 countries
CORK, IRELAND, AUGUST 29, 2007 - Cubic Telecom, the innovative international telecommunications operator, today announced plans to become the world's first truly global mobile service provider. Cubic Telecom's service aims to eliminate the high cost of international roaming charges by focusing on introducing simple, high-quality telecommunications services. Their breakthrough technology intelligently uses existing mobile phone network resources to drive down costs. Its core target market is aggrieved customers across the globe who don't understand why they can't get value for money when making international calls and roaming. Cubic is working towards free speech.
The company was founded in 2005 by renowned telecommunications blogger Pat Phelan, and is headquartered in Cork with offices in Vancouver, Canada and offers service in 160 countries. To date, he has backed his vision of "working towards free speech" by raising a EUR3.5M investment from private backers in order to develop a suite of innovative global mobile and home phone products under the Cubic Telecom brand, together with its own international virtual carrier network. A further EUR1.5M has been raised to fund a series of international launches of products and services in the coming six months.
Cubic has just completed its first round of telecommunications partnerships, which will see its services becoming available in 160 countries. It is now commencing its marketing partnership round, which sees it seeking wholesale and resale partners. Its initial focus will be on Europe, North America and Australia.
Cubic Telecom's chief executive officer, Pat Phelan, commented, "We want a world in which you can pick up your mobile phone anywhere and call anyone for as long as you like and not worry about the price. When most people think about driving down the cost of telephone calls, they think of calling from computer-to-computer. We don't. We deliver simple, high quality, high value telephone services direct to the devices that people like to use - their mobile phones. There's no software to download, nothing to configure, nothing new to learn. Our service is straightforward and our network caters to all.
"We're creating telephony products and services that allow the planet to talk at sensible rates."
ABOUT CUBIC TELECOM
Based in Cork, Ireland, with offices in Lisbon, Portugal and Vancouver, Canada, Cubic Telecom is an innovative global communications company focused on introducing simple, high quality and high value telecommunications services. Its core target market is aggrieved customers across the globe who don't understand why they can't get value for money when making international calls and roaming. Cubic Telecom was founded in 2005 by renowned telecommunications blogger Pat Phelan. Pat wants a world in which anyone can pick up their mobile phone wherever they are and call anyone in any country for as long as they like without worrying about the price. Cubic Telecom is working towards free speech.
www.cubictelecom.com
For further information, please contact:
Media Contact (Europe)
Comit Communications & Marketing
Allan Chapman
Tel. +353 1 215 7670
achapman@comitmarketing.com
www.comitmarketing.com
Media Contact (North America)
HubbubPR
Giovanni Rodriguez
Tel. +1-650-279-8415
giovanni@hubbubpr.com
www.hubbubpr.com
Company Contact
Cubic Telecom Limited
Pat Phelan, CEO
Tel. +353 21 425 0657
info@cubictelecom.com
Cubic Telecom Group Limited
Unit 1, Webworks
Eglinton Street
Cork
Ireland
Tel: +353 21 425 0657
Website: www.cubictelecom.com
Pat's Blog: blog.roam4free.ie
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