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Pareteum's Services Coming to South Asia


April 03, 2018

Pareteum Corporation (the “Company”) has announced a three-year contract, bringing its Global Cloud Services Platform (GCSP) for services to South Asia. Under the terms of the contract, the Company will garner monthly revenue for each platform subscriber, along with existing banking customers.

Pareteum is assisting its new client with Consumer Mobile brands, Mobile Banking, E-Commerce, and applications needing mobile integration from social media to online gaming. By deploying the Pareteum Global Cloud solution, Mobile Virtual Network Operators (MVNOs) have complete control and flexibility to develop personalized marketing strategies for each user type.

Hal Turner, Executive Chairman and Principal Executive Officer of Pareteum stated, "The viral impact of the network effect, where each additive connection brings value that is accessible to all our connections, continues with this announcement. It is the significant power of our Pareteum Global Cloud Services Platform that enables, via our software and connectively, these new services. This is the age of global collaboration: TEUM's ecosystem, including our partnerships and reach, now enable the virtual elimination of geographic boundaries. Delivery of our award-winning services can be aimed from around the globe to this South Asia region, with over 200 million people. We expect our goal of wireless and smart city business models to quickly scale in these markets."

We already know the impact  of smartphones in the United States but Southeast Asia and Oceania are poised to see a dynamic market boom. An Ericsson report shared smartphone subscriptions are poised to grow five-fold by next year. Mobile data traffic will see an increase of 1000 percent around the same time.

Pareteum is a cloud communications platform company, serving retail, enterprise, and Internet of Things (IoT) customers. Its locations include New York, Sao Paulo, Madrid, Barcelona, Bahrain, and the Netherlands. Now, its reach extends to Southeast Asia for the next three years. 




Edited by Maurice Nagle




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