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ComfortWay raised EUR 6 million investments into “Virtual SIM card” project

ComfortWay announced the first investment round into “Virtual SIM card” project which provides direct access to mobile operators at local prices worldwide. 6 million € investments were raised from a pool of European telecom companies and private investors. The money will be put towards expanding ComfortWay services coverage.

The company provides access to high-quality Mobile Internet at local prices in 105 countries around the world, including the USA, China, India, Thailand, Israel and all the European Union countries. The “Virtual SIM-card” technology allows selecting a data plan of any local mobile operator in one “click” via ComfortWay mobile app. It eliminates all difficulties and problems faced by private and business travelers during purchasing of local prepaid SIM-cards on arrival to a new country.

ComfortWay has developed the technology of secure downloading of mobile profiles “over-the-air”. This technology corresponds with the newest “Remote SIM Provisioning” standard approved by the global association of mobile operators called GSMA in 2015.

“6 million € investments were raised from a pool of European telecom companies and private investors, with active assistance and consulting help of the Skolkovo Investment Service,” says Oleg Pravdin, CEO of ComfortWay. He added that the money will be put towards expanding ComfortWay services coverage, starting sales in Europe and Asia as well as building cooperation with big strategic partners in telecom, IT and travel industries. Commercial launch of the ComfortWay Virtual SIM-cards is planned for springtime 2016 starting with European, Asian and Russian markets.

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