Pareteum Corp (NYSEAMERICAN:TEUM) has confirmed having commenced the deployment of ‘Connections’ for the China-focused MVNO. The leading mobile Cloud Communications Platform Company was awarded the 3-year, $1 million contract in late November. It will be expected to enhance the connection and transaction of services by MVNO’s China-based subscribers on their mobile devices.
The choice of Pareteum was strategic according to the company’s CEO Vic Bozzo. He says, “By choosing Pareteum they were able to expand subscriber revenues through global connectivity and data, without the need for investment in infrastructure or software”.
Taking control of their own mobile future
Bozzo says that the company’s latest software version has the ability to foster new deployment paradigm. It will also give the company access to its contracted revenue backlog faster. Pareteum’s unique proposition enables brand service providers to establish a platform for managing their mobile future.
Apparently, Pareteum was working on a timetable of two weeks from the date of award of the contract. Obviously, the speed of delivery was incredible and a big milestone for the company’s establishment of a platform, which will help in creating customer satisfaction. Unlike many other Corporations, Pareteum has been able to expand subscriber revenues without the need for investment in infrastructure.
The company’s Executive Chairman and Principal Executive Officer, Hal Turner also acknowledges the company’s ability to rapidly deploy its technology’s robust cloud-based platform.
Let’s explore Pareteum Corporation
Pareteum’s goal is to have everyone and everything connected and surprisingly a lot of organizations are using the company’s connection to energize their profitability. Retail, enterprise and IoT customers have been able to take advantage of it to harness their global connectivity; thanks to software solutions.
Meanwhile, Turner says the company has been able to successfully pay its debts, a key element in building a corporate turnaround. The financing package was somewhat agonizing the company’s growth strategy and business plans. However, Turner says that they have been able to pull out of it and they are focusing on the continued sales surge in expectation to give back to its investors.
