vRoam Global receives funding to decrease MOBILE roaming costs for all international travellers
Sydney, 30 September 2003: In an announcement made today, vRoam Global are to receive an injection of funding from Australian Distributed Incubator (ADI) and its parent company Business Strategies International (BSI).
According to Danny Nathanson, CEO, vRoam Global “At a time when the ACCC Mobile Services Review is looking at whether regulation is required to reduce the cost of mobile roaming this funding will accelerate the growth of vRoam Global.
“The potential is enormous in an environment where mobile roaming is highly uncompetitive. Our primary focus will be to provide our service in an increased number of destinations, increase our sales channels and target corporations and individuals that have a high propensity to travel. We have already grown from offering a service in 3 countries to 15 countries, covering the majority of corporate destinations”.
Speaking at the announcement Randal Leeb du Toit, CEO, ADI said “In the current climate of cost cutting, we at ADI are delighted to be partnering with vRoam Global to bring tangible savings to international roamers.”
With vRoam, mobile phone users are contactable on their normal Australian mobile number and have the option of having a local number in the foreign country, offering local calls at similar to local rates. Using vRoam Global does not affect customers existing relationships with Australian mobile carriers.
The vRoam service relies upon a unique Virtual Roaming process that has been developed affording customers the ultimate transparency and control.
Due to the nature of the GSM network, an Australian mobile phone user in New Zealand pays approximately $7.78 to not receive a call (and to listen to their voicemail later) when their mobile is switched off. The price with vRoam is $0.96. These calls that get bounced back and forth between the Australian network and the foreign network are called ‘tromboned calls’ and partly account for exorbitant mobile phone bills while travelling. In addition to costly tromboned calls being eliminated, vRoam slashes the costs of mobile phone usage overseas by approximately 50%.
About vRoam Global
vRoam is an Australian based global service provider that offers travelers an alternative to mobile roaming. This is achieved by providing the customer with a local service, while remaining contactable on their normal mobile phone number. This is achieved without the customer having to change their mobile service provider.
About ADI and BSI
Together ADI and BSI have an extensive team of experienced consultants and broad international networks that have a proved track record of adding value to early stage and high growth IT&C companies providing strategic advice, capital raising, market research, business development, financial management, assistance in accessing government incentives and grants, recruiting services and wide ranging training. BSI-ADI amalgamates complementary specialities to create an unprecedented structure for high-technology business development.
ENDS
For further information, please contact
Danny Nathanson, vRoam Global +61 403 801 833
Randal Leeb du Toit, Australian Distributed Incubator +61 419 371 596
For further media information, images or interview please contact
Sandra Willett, Sandra Willett PR & Event Management +61 411 160 609