Pareteum Corporation the rapidly growing Cloud Communications Platform company, has been awarded a three-year contract from a significant Cross Border European and African Mobile Operator.
This established Mobile Operator provides Consumer, Enterprise and Internet of Things wireless services throughout Europe and Africa. Under the terms of the Agreement, Pareteum will provide its Global Cloud Services platform and receive revenue for subscribers, data and messaging services.
According to Ericsson, “While Nigeria and South Africa will continue to have the highest number of connected devices, IoT is taking shape in the rest of the region, especially in East Africa. The number of cellular IoT connections in the region is expected to grow at a CAGR of around 38 percent from 2016 to 2022, as governments and industries in the region begin to explore IoT solutions to solve region-specific challenges.”
“We are honored to be chosen for this contract. It represents the continued expansion to all corners of the Globe where there is a need for new offerings, applications, settlement services and access to a superior cloud platform. We look forward to deploying these services and generating revenue in the first half of 2018,” stated Vic Bozzo, CEO of Pareteum.
“Our efficient TEUM continues to perform at a level higher than industry standard because our customers and TEUM live in an ‘always on’ world requiring us to live differently and answer industry demands faster. One consistent platform anywhere in the world is why customers are flocking to our solution,” stated Hal Turner, Executive Chairman and Principal Executive Officer of Pareteum.