Pareteum expands European MVNE contract to launch first global MVNO service

Mobile networking software and services provider Pareteum Corporation (NYSE MKT: TEUM) has secured an expanded global cloud platform services agreement with its largest European customer, the company said.

The new contract, an extension of its existing MVNE relationship with Vodafone Enabler S.L.(VEE), will allow for the creation and launch of unique Mobile Virtual Network Operator (MVNO) service offerings backed by a Tier-1 network operator´s global roaming services operation. These services, together with the first MVNO customer rollout, are expected during the first quarter of 2017.

The new MVNO service will take full advantage of existing carrier network and worldwide roaming agreements and will run on Pareteum´s cloud based platform, allowing for prepaid and postpaid services outside of the MVNO´s traditional operating geography.

Pareteum and its subsidiaries provide a complete mobility cloud platform, utilizing messaging and security capabilities for the global Mobile, MVNO, Enterprise and IoT markets.