NEW YORK, July 31, 2019 /PRNewswire/ -- Pareteum
Corporation (Nasdaq: TEUM), the rapidly growing cloud
communications platform company, today announced that it has been
selected by leading Singaporean mobile operator M1 Limited (M1) to
power the expansion of mobility services across the Asia-Pacific region.
M1, which is owned by Keppel Corporation and Singapore Press
Holdings, will deploy Pareteum Experience
Cloud™ to enable its partner brands to
launch mobility services targeting consumer, IoT, and enterprise
markets. The deployment will focus initially on Singapore before extending to other
Asian-Pacific markets.
A single source for the creation, delivery and rapid scaling of
a multitude of API-driven communications experiences, Pareteum
Experience Cloud delivers an unrivaled combination of mobility,
customer engagement, analytics, and intelligence services over the
world's largest unified global network.
It enables rapid time to market for new service launches,
without a significant Capex burden, and with a SaaS model which
allows brands to pay-as-they-scale.
In the first phase of the partnership, M1 will migrate existing
partner brands onto the Experience Cloud platform, driving service
revenues from day one of the deployment. In phase two, Pareteum and
M1 will extend mobility enablement services across Asia Pacific through the creation of a
regional hub that will allow partner brands to launch in multiple
markets from a single platform instance.
"We believe the future of communications depends on innovators
being given the power and the freedom to create and deliver the
best experiences to the markets in which they specialize, whether
that be consumer, enterprise, or IoT," said Hal Turner, Chairman and Chief Executive Officer
of Pareteum. "M1 is a prestigious customer win for Pareteum, with
an extensive track record of its own when it comes to innovation. I
am delighted that we are partnering with the M1 team to bring a new
wave of communications experiences to the Asia Pacific region."
"There is a huge opportunity for new brands to launch mobility
services across our region and we intend to be at the heart of that
opportunity," said Manjot Singh
Mann, Chief Executive Officer at M1. "Pareteum Experience
Cloud gives us the flexibility and scalability to enable a new
generation of mobility brands to get to market fast and grow
rapidly. We look forward to seeing the fruits of this partnership
as we bring new customers onto the platform."
About Pareteum Corporation:
Millions of people and
devices are connected around the world using Pareteum's Global
Cloud Communications Platform, enhancing their mobile experience.
Pareteum unleashes the power of applications and mobile services,
bringing secure, ubiquitous, scalable, and seamlessly available
voice, video, SMS/text messaging, and data, media and content
enablement to our customers, making worldwide communications
services easily and economically accessible to everyone. By
harnessing the value of our cloud communications platform, Pareteum
serves enterprises, communications service providers, early stage
innovators, developers, IoT, and telecommunications infrastructure
providers. Pareteum envisions a new mobile communications
experience imagining what will be, and delivering now. Pareteum
currently has offices in North
America, South America,
Spain, Bahrain, Singapore, India, Indonesia, Germany, Belgium, United
Kingdom, Russia, and
the Netherlands. For more
information please visit: www.pareteum.com.
About M1 Limited
M1 is Singapore's most vibrant and dynamic
communications company, providing mobile and fixed services to over
two million customers. Since the launch of commercial services in
1997, M1 has achieved many firsts, including the first operator to
offer nationwide 4G service, as well as ultra high-speed fixed
broadband, fixed voice and other services on the Next Generation
Nationwide Broadband Network. With a continual focus on network
quality, customer service, value and innovation, M1 links anyone
and anything; anytime, anywhere. M1 offers a wide range of mobile
and fixed communication services to consumers and delivers an
extensive suite of services and solutions to corporate customers
which includes symmetrical connectivity solutions of up to 10Gbps,
managed services, cloud solutions, cybersecurity solutions,
Internet of Things and data center services. M1 collaborates
closely with its major shareholders Keppel Corporation and
Singapore Press Holdings Limited to achieve operational synergies
that strengthen its position as an established communications
provider in the market.
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.
Media Inquiries
Press@pareteum.com
Pareteum Investor Relations Contacts:
Michael Bloom
Investor Relations
+1 650 232 4341
Investor.Relations@pareteum.com
Allise Furlani
The Blueshirt Group
allise@blueshirtgroup.com
Carrie Howes
Rayleigh Capital
European- Global IR
+1 650 232 4238
carrie@rayleighcapital.com
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SOURCE Pareteum Corporation