TMCnet News
Pareteum Awarded 3-Year $2.5 Million AgreementNEW YORK, April 26, 2018 /PRNewswire/ -- Pareteum Corporation (NYSE American: TEUM), ("Pareteum" or the "Company"), the rapidly growing Cloud Communications Platform company, announced today that it has signed a 3-year contract to provide its Global Cloud Services Platform (GCSP) and Connectivity for roaming, airtime, voice, SMS, and data to an emerging North American Mobile Virtual Network Operator (MVNO) servicing retail consumers, along with underserviced subsidized subscribers throughout North America. This new agreement enables the MVNO to offer more affordable mobile and broadband services, addressing their mission aimed at overcoming digital divides and opening doors for economic development and associated opportunities. The customer will use Pareteum's Global Cloud solution to build subscriber revenues with applications addressing: Mobile Money, Mobile Banking, E-Commerce, Education, Healthcare, Financial Inclusion and Emergency Management services. The majority of the customer's growth investment will go to serving underserved subscribers, since there is no heavy infrastructure or software investment for the MVNO customer choosing Pareteum's suite of services. Pareteum will be paid monthly for every subscriber connection operating on the platform, in addition to usage fees for connectivity and communications services. Vic Bozzo, CEO of Pareteum commented, "We continue to focus on making this a simple set up, with a single platform and connectivity in as many places as possible, through partnerships with incumbent Mobile Network Operators and Carriers. This latest win is specifically a result of the hard work of our talented sales force and market leading technology." Hal Turner, Executive Chairman and Principal Executive Officer of Pareteum stated, "Pareteum's vision is open mobility and application networks, globally. This will mean the availability, on deman, of the best services, in both quality and pricing, to connect 'Any Device, Any Network, Anywhere.' Providing safe, secure, quality mobility services to underserviced communities and their billions of underserved people is a global effort. Pareteum is pleased to empower this new North American MVNO as they provide previously unattainable connectivity to their customers, opening new opportunities for economic development and safety." About Pareteum: Forward Looking Statements: Pareteum Investor Relations Contacts: Stephen Hart Carrie Howes
View original content with multimedia:http://www.prnewswire.com/news-releases/pareteum-awarded-3-year-2-5-million-agreement-300637016.html SOURCE Pareteum Corporation |