Irish telecom entrepreneur Pat Phelan has just announced a raise of 5 million euros. You can read the whole press release on Pat's blog, but I think the opening paragraph sums it up nicely.
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.