Pareteum Awarded $3.5 Million Contract from Mobile Service Provider
Pareteum Awarded $3.5 Million Contract from Mobile Service Provider Enables Growth Through Global Connectivity Solutions |
[27-June-2018] |
NEW YORK, June 27, 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 to an established Global Mobile Virtual Network Operator (MVNO) and IoT Solutions enterprise with a network of Retailers, Distributors and Independent Sales Organizations throughout North America.
This contract empowers the Global MVNO enterprise to use a single cloud platform to increase their mobile coverage and broadband services, opening opportunities for economic growth in the future. The platform will integrate to their current customer portal and Pareteum will receive monthly recurrent fees for each subscriber as well as connection revenue for their airtime, SMS and voice services. Vic Bozzo, CEO of Pareteum commented, "Pareteum continues to enable MVNOs all over the world, empowering these enterprises and allowing an amazing new consumer experience. We are pleased with the spotlight Pareteum's cloud platform solution has gained in the industry, as the capabilities of its dynamic solutions continue to benefit various businesses." Hal Turner, Executive Chairman and Principal Executive Officer of Pareteum stated, "Pareteum is creating relentless forward motion (RFM) as we further disrupt our industry with open mobility and open application networks. Our newest customer is a clear indicator of our collective efforts at Pareteum, continuously evolving to bring innovative new software and service solutions to help our clients run their businesses, wherever they may be located." About Pareteum: Forward Looking Statements: Pareteum Investor Relations Contacts: Stephen Hart Carrie Howes
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Company Codes: AMEX:TEUM |
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