Pareteum awarded $10 million contract to launch a global MVNO

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Cloud Communications platform company Pareteum has been awarded a 3-year contract to provide global cloud services to launch a Mobile Virtual Network Operator (MVNO) for an established carrier. The contract is scheduled to add over $10 million to Pareteum’s 36 month contractual revenue backlog, said the company in a statement.

Under the terms of the agreement, the global MVNO will leverage connectivity provided by Pareteum’s cloud platform to service the needs of 300,000 subscribers once fully deployed.

Pareteum is providing Communications Platform as a Service (CPaaS) that support and enable subscribers, and, the connectivity for the voice, messaging, and data service bundle. Monthly fees apply to the support and usages services consumed.

[Image courtesy: Pareteum]