Pareteum awarded $15million contract to provide integrated solutions to a multi-country African mobile virtual network operator
Pareteum Corporation a cloud communications platform company, announced today has signed a 5-year contract to provide Managed Service Platform (MSP) services to an Africa-based Mobile Virtual Network Operator (MVNO).
Pareteum's Managed Services Platform will provide a fully integrated, single source solution that will enable its newest customer to provide multi-country digital applications, data services and traditional mobile services to its end users in Africa.
This MVNO will provide Digital Wallet solutions, including Blockchain technology, to provide identity management, transaction settlements and payment solutions, safely and securely. Additionally, Branded Voice and SMS airtime services are enabled via Pareteum's solution suite for private labeling.
Under the terms of the agreement, Pareteum will be paid on a monthly recurring revenue basis for platform support services based on the number of connections. Additional fees will be paid to Pareteum for other solutions, as activated, including Blockchain enablement.
Vic Bozzo, CEO of Pareteum, stated, "Pareteum's MSP Platform is a perfect fit for the contract with our newest global client. This part of the world represents high growth in connections as the digital economy takes over. We are pleased with Rob Mumby and his team as they continue to add customers to our platform."
Hal Turner, Executive Chairman and Principal Executive Officer of Pareteum, commented, "Pareteum continues to extend our mission to provide Global Cloud based services for any device, at any time, and anywhere. This newest African customer is a clear indicator of the global opportunities available in the marketplace. Pareteum's fully integrated cloud services, and, application developers platform, provides a flexible single solution, without heavy capital investment in infrastructure, creating geographical freedom."
