Pareteum Awarded US$76 Million in Additional Three-Year Contracts

Pareteum (NASDAQ:TEUM) announced that it has added 11 additional three year agreements in November 2018 worth US$76 million in 36-month contractual revenue backlog.

As quoted in the press release:

The new agreements include the following:

1. B2B, B2C and internet of things (IoT) applications served by a large, regional mobile virtual network operator based in the U.S.;
2. IoT applications host and B2B sales by a large, national mobile virtual network operator based in the U.S.;
3. International roaming and mobile services with worldwide coverage by a Luxembourg-based mobile virtual network operator;
4. Integrated telecommunications solutions that includes voice, data, mobile money and network services by Kenya-based telecommunications operator;
5. Connectivity solutions for phone manufacturer of small phones that limit use to calls and nine speed dials;
6. Cloud platform solutions for one-touch dialing, and international network connectivity company;
7. Connectivity for a U.S. national cell phone carrier and wireless network provider;
8. Mobile text messaging bridged with classic voice-based landline for a fully integrated solution;
9. GPS tracking solutions for parents and their children with phones by wireless provider;
10. Voice, SMS, data and mobile services by U.K.- based telecommunications provider and mobile network operator; and
11. Mobility and connectivity services for multi-channel assets, allowing clients to connect with their customers and stakeholders via a South Africa-based mobile virtual network operator.

“Pareteum continues to grow our client base and to expand to accommodate the needs of clients with the latest software platform services provided by the Global Software Defined Cloud,” said Rob Mumby, chief revenue officer of Pareteum. “Our offering will transform businesses as Pareteum continues to grow and expand to accommodate needs of the market.”

Pareteum Executive Chairman and Principal Executive Officer Hal Turner commented, “Pareteum is a growth company. Our customers win repeatedly when using our global software defined cloud services platform. Our existing customers continue to expand their services with us, affirming our mission of connecting any device, any network, anywhere, and providing demonstrable value to our customers and stakeholders.”

Click here for the full text release.