This in from my friend Pat Phelan at Cubic Telecom. Pat's one of those incredible visionaries I met at ETel, and one of the truest gentlemen I know. He shared some tremendous ideas and demonstrates an ongoing commitment to affordable mobile telecommunications that's a real value to the industry as a whole.

Congratulations to Pat and Cubic on the financial success that will make those dreams a reality.

Cork firm raises 5 million Euro

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 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