Market Overview

Elephant Talk Signs Contract With the Union of German Police to Expand Mobile Services Into Germany

Elephant Talk Communications Corp. (NYSE: ETAK) today announced that it has signed a contract to provide mobile services for 55,000 mobile users for the Union of German Police ("GdP"). The contract is anticipated to provide $30-40 million in revenue to Elephant Talk over the initial 2-year contract period. The revenues generated from this contract will provide substantial margins for Elephant Talk, reflecting the fact this contract includes airtime. In the future this project has the potential for further roll-outs to more of GdP's 130,000 mobile users.

Under the contract Elephant Talk will deliver its mobile services, including SIM-Cards, Airtime and a variety of Service Options, based on its carrier grade Mobile Virtual Network Enabling Platform including CRM, Billing Solutions and Online Self-service portals. GdP is serving the products to its members while continuing their partnership with Bauer Concept for the logistics and customer support. Elephant Talk will provide the mobile services over the network of Telekom Deutschland, the German operating company of Deutsche Telekom, guaranteeing the members of GdP, what is believed to be the best possible Network Quality.

Posted-In: News Contracts

 

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