Central regions | Telecoms, media | Finance, business

Russian mobile solution for business and tourism attracts EU investment

16 Feb '16
ComfortWay, a Moscow-based developer, has closed its first round of investment in its universal virtual SIM card that can provide communications according to local tariffs everywhere in the world, the Skolkovo Foundation website reported.

The company is said to have raised six million euros from a number of European telecom firms and a group of private investors. The developer wants to use the funds to expand ComfortWay operations globally.

A resident of Skolkovo, Russias largest innovation hub just outside Moscow, ComfortWay offers users broadband mobile Internet access for local tariffs in 105 countries, including the U.S., China, India, Thailand, Israel and the EU. Its virtual SIM card enables users to choose local tariffs using a special mobile app, and just one click is said to be required for that. This is expected to spare travelers difficulties stemming from the necessity to buy local SIM cards in each new country.

ComfortWay uses special remote SIM provisioning technology approved last year by GSMA. The technology makes it possible to use a single SIM card to directly connect to different local mobile service providers.

The ComfortWay technology is a unique innovative product granting business people and tourists a new level of freedom in their travel. Being able to access local mobile tariffs helps users to not only save money considerably in international trips but also enjoy quality mobile Internet access across the globe, said Igor Bogachov, the Skolkovo Foundation vice president and chief executive at Skolkovos IT cluster.
Publish in Twitter
Write to Facebook
Google Buzz
Write to LiveJournal
Show in MM
Share MK
Find Related Content


Tags: virtual SIM card (0) / ComfortWay (0) /

Latest News: Central regions
24 Mar '17 | Technology & innovation
22 Mar '17 | Finance, business | Industry, manufacturing
20 Mar '17 | Finance, business | Technology & innovation

Feature stories

6 Mar '17
Developing a photonic computer, a technology that...
25 Jan '17
ScreenCardio-NN, an innovative company based in...
7 Dec '16
In spite of all current problems and adverse external...
Search (News archive - 21054)
Nano & Giga Symposium
Report: Russian universities should modernize to compete globally
ITMO University

Latest News

28 Mar '17
27 Mar '17
In Tomsk, in Siberia, scientists are working on a new...
24 Mar '17
Scientists at MIPT, one of Russias leading tech...

Most read stories from last week

27 Mar '17
In Tomsk, in Siberia, scientists are working on a new...
28 Mar '17