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Pareteum Awarded $3 Million 5-Year Contract in North Africa

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Pareteum Awarded $3 Million 5-Year Contract in North Africa

Cloud Mobility Enablement Expands Operator's Markets and Services Offerings

PR Newswire

NEW YORK, July 25, 2018 /PRNewswire/ -- Pareteum Corporation (NYSE: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 $3 million 5-year agreement to provide its Managed Service Platform (MSP) to a North-African based MVNE provider.

Pareteum Corporation Logo.

Pareteum's Managed Services Platform provides the client with a fully-integrated software solution, delivering multi-country branded services, digital applications, data services and traditional mobile services for its end-users. Pareteum's software API based mobility enablement cloud, with global connectivity, facilitates expansion into adjacent countries, with a focus on French-speaking countries in Africa and the Middle East.

Vic Bozzo, CEO of Pareteum, stated, "Pareteum is pleased to empower this client with our MSP platform. As the digital economy takes over, the African and Middle East regions are rapidly growing in connections and show a lot of interest in software solutions for their expanding needs. Pareteum is a key partner in this wave of connectivity, bringing the best services, at faster speeds, via safe and secure APIs, to these flourishing markets."

Hal Turner, Executive Chairman and Principal Executive Officer of Pareteum, commented, "Pareteum's continued extension of our mission is best represented with this newest customer. We seek to create geographical freedom for our users, with a platform that provides a flexible solution, without heavy capital investment in infrastructure, generating opportunities for all. The combined effectiveness of our software solutions will bring forth a new era of innovation, unlocking the limitless potential of clients with our software services!"

About Pareteum:
Pareteum Corporation (NYSE:TEUM) is a rapidly growing global Cloud Communications Platform company with a mission 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. All of the relevant customer acquired value is derived from Pareteum's leading global Cloud software, delivering award-winning mobile enablement, regardless of the user's location or network. By harnessing the value of communications, Pareteum serves retail, enterprise and IoT customers. Pareteum currently has offices in New York, Sao Paulo, Madrid, Barcelona, Bahrain and the Netherlands. 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 Contacts:
Ted O'Donnell
Chief Financial Officer
(212) 984-1096
InvestorRelations@pareteum.com

Stephen Hart
Hayden IR
(917) 658-7878

Carrie Howes
Rayleigh Capital
Dubai- London
T UAE: +971 (0) 55 997 0427 | T UK: +44 (0) 870 490 5443 | T CAN: +1 416 900 3634

 

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SOURCE Pareteum Corporation

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