Just recently we wrote about Truphone and their plans to roll out Truphone SIM to allow users to take and make cheap phone calls, even when they're outside of a hotspot. Now they've announced a new round (Series B) of venture capital funding that brought them additional £16.5m ($32.7m). The round was led by private investors, [...]

Truphone announced that it is in the process of acquiring SIM4travel's assets — including infrastructure, customer base, distribution and staff in Portugal and London — with an idea to complete its "GSM core network" and move beyond low-cost WiFi calls. The purchase means that Truphone will acquire both SIM4travel's travel SIM capability and its Mobile Virtual [...]