TEUM Goes Live with Launch of 4G Broadband
Pareteum Goes Live with Launch of Full-Featured 4G Broadband Services Resulting in New Subscribers for Company Backlog
New Service Enabled by Pareteum’s Managed Services Platform, Provides Customers with Greater Choice for Cost Competitive Mobile and Data Access
NEW YORK, NEW YORK, July 25, 2017 – Pareteum Corporation (NYSE MKT: TEUM), (“Pareteum” or the “Company”), a leading communications technology provider to global Mobile, MVNO, Enterprise and IoT markets, announced today the live launch of broadband subscription services.
These services allow Pareteum’s customers including mobile virtual network operators (MVNOs), enterprises and communications providers hosted on its Managed Services Platform and those on its Global Mobility Cloud platform to deliver full-feature advanced mobile services typically available to subscribers on Tier-1 4G networks. These services include data-rich mobile web access, IP telephony, gaming services, video conferencing, and virtual reality (VR) applications.
“The market launch of Pareteum’s broadband services not only represents a new milestone for our technology, but also represents a new, substantially higher subscriber count for our Company. Pareteum’s successful development and deployment of these broadband capabilities delivers disruptive, high value new services at price levels that were previously unattainable in the market for our customers,” said Hal Turner, Executive Chairman of Pareteum. “We believe this offering creates a dynamic opportunity attracting new subscribers while driving incremental recurring revenue for Pareteum.”
Vic Bozzo, Chief Executive Officer of Pareteum, added, “The communications market is evolving driven by converged broadband offerings where visionary providers can create fully bundled or hybrid plans including telephone, mobile and internet access designed to meet the unique needs of their customers. This project, now developed and live with our first customer, when fully ramped, will mark a new milestone in the total number of monthly subscribers added to the growing Pareteum backlog.”
About Pareteum Corporation
Pareteum Corporation and its subsidiaries provide a complete mobility cloud platform, utilizing messaging and security capabilities for the global Mobile, MVNO, Enterprise, Software-as-a-Service and IoT markets. The Company’s software solutions allow any organization to harness the power of a wirelessly connected world by delivering seamless connectivity and subscriber management capabilities that provides end-to-end control of millions of connected devices. For more information please visit: www.pareteum.com.
Forward Looking Statements:
Certain statements contained herein constitute “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995. Such statements may include, without limitation, statements with respect to Pareteum’s plans and objectives, projections, expectations and intentions. These forward-looking statements are based on current expectations, estimates and projections about Pareteum’s industry, management’s beliefs and certain assumptions made by management. Readers are cautioned that any such forward-looking statements are not guarantees of future performance and are subject to certain risks, uncertainties and assumptions that are difficult to predict. Because such statements involve risks and uncertainties, the actual results and performance of Pareteum may differ materially from the results expressed or implied by such forward-looking statements. Given these uncertainties, readers are cautioned not to place undue reliance on such forward-looking statements. Unless otherwise required by law, Pareteum also disclaims any obligation to update its view of any such risks or uncertainties or to announce publicly the result of any revisions to the forward-looking statements made here. Additional information concerning certain risks and uncertainties that could cause actual results to differ materially from those projected or suggested in Pareteum’s filings with the Securities and Exchange Commission, copies of which are available from the SEC or may be obtained upon request from Pareteum Corporation.
Pareteum Investor Relations Contact:
Ted O’Donnell
Chief Financial Officer
(212) 984-1096
InvestorRelations@Pareteum.com
