Press Releases Archive - Page 11 of 29

Pareteum Awarded $4 Million Contract by Tier 1 Asia-Pacific Network Operator

July 16, 2018

Pareteum Corporation (NYSE American: TEUM), (“Pareteum” or the “Company”), the rapidly growing Global Cloud Software company, delivering award winning mobile enablement solutions, announced today that it has signed a $4 million 3-year agreement with a major Tier 1 Service Provider operating in the Asia-Pacific region.

Pareteum Launches Revolutionary Cloud-Based Self-Service Portal for Messaging, Data and Voice Services

July 12, 2018

Pareteum Corporation (NYSE American: TEUM), (“Pareteum” or the “Company”), the rapidly growing Cloud Communications Platform company, announced today that it has developed and launched a new user experience portal, engineered to allow service providers to securely manage their customer’s connections, usage and revenue stream.

Pareteum Awarded $6 Million Contract from Asia Service Provider

July 11, 2018

Pareteum Corporation (NYSE American: TEUM), (“Pareteum” or the “Company”), the rapidly growing Cloud Communications Platform company, announced today that an established Asia full-service provider of enterprise and consumer telecommunication services has chosen the Pareteum Global Cloud Service Platform to extend their service offering globally.

Pareteum Expects Second Quarter 2018 Revenue of At Least $5.75 Million

July 10, 2018

Pareteum Corporation (NYSE American: TEUM), (“Pareteum” or the “Company”), the rapidly growing Cloud Communications Platform company, announced today that the Company expects to report revenues of at least $5.75 million, which represents approximately 78% growth for the second quarter ended June 30, 2018, as compared to a year ago. The second quarter’s expected 2018 revenues will represent an approximate 40% sequential growth over the first quarter of 2018, demonstrating the strong growth in connections that was previously reported in the first quarter of 2018.

Pareteum Secures a Total of $55 Million in New Contracts in the Second Quarter of 2018

June 28, 2018

Pareteum Corporation (NYSE American: TEUM), (“Pareteum” or the “Company”), the rapidly growing Cloud Communications Platform company, announced today that, during the second quarter of 2018, the Company signed contracts scheduled to add over $55 Million to its 36-month contractual revenue backlog. The current contractual revenue backlog represents a 74% increase over the 2017 year ending balance of $147 Million, and, a 27.5% increase during the second quarter alone. Pareteum will complete the first half year of 2018 with $255 Million amassed in its 36 Month Contractual Revenue Backlog (36MCRB).

Pareteum Awarded $3.5 Million Contract from Mobile Service Provider

June 27, 2018

Pareteum Corporation (NYSE American: TEUM), (“Pareteum” or the “Company”), the rapidly growing Cloud Communications Platform company, announced today that it has signed a 3-year contract to provide its Global Cloud Services Platform (GCSP) and connectivity to an established Global Mobile Virtual Network Operator (MVNO) and IoT Solutions enterprise with a network of Retailers, Distributors and Independent Sales Organizations throughout North America.

Pareteum Set to Join Russell Microcap® Index

June 12, 2018

Pareteum Corporation (NYSE American: TEUM), (“Pareteum” or the “Company”), the rapidly growing Cloud Communications Platform company, is set to join the Russell Microcap® Index at the conclusion of the Russell U.S. Indexes annual reconstitution, effective after the U.S. market opens on June 25, according to a preliminary list of additions posted June 8.

Pareteum Awarded $6 Million Contract from Established Mobile Virtual Network Operator

June 11, 2018

Pareteum Corporation (NYSE American: TEUM), (“Pareteum” or the “Company”), the rapidly growing Cloud Communications Platform company, announced today that an established provider of pre-paid communications plans has selected Pareteum’s Managed Service Platform with a $6 million agreement over 3 years.

Webcast Recording of Pareteum Investor Update Conference Call, June 8, 2018 11:00am Eastern

June 10, 2018

The mission of Pareteum Corporation (NYSE American: TEUM) is to connect “every person and everything.” Organizations use Pareteum to energize their growth and profitability through cloud communication services and complete turnkey solutions featuring relevant content, applications, and connectivity worldwide. Our platform services partners (technologies integrated into our cloud) include: HPE, IBM, Ribbon Communications (Sonus+GenBand), NetNumber, Oracle, Microsoft, and other world class technology providers).

Pareteum and Artilium Announce Agreement for Pareteum to Acquire Artilium in $104.7 Million Transaction

June 7, 2018

Pareteum Corporation (NYSE American: TEUM) and Artilium plc (AIM: ARTA) today announced that they have reached agreement for Pareteum to acquire Artilium. Under the terms of the acquisition, which have been further detailed today in an announcement issued under Rule 2.7 of the UK Takeover Code, each Artilium shareholder will be entitled to receive 0.1016 Pareteum shares and 1.9 pence in cash per Artilium share upon completion of the transaction. The acquisition values each Artilium share at 19.55 pence and the entire issued and to be issued ordinary share capital of Artilium at approximately $104.7 million (or £78.0 million), based on Pareteum’s closing share price of $2.33 on June 6, 2018 and the exchange rate of US$1.3413: £1.