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Vodafone Now Marketing Pareteum’s (TEUM) MVNO Platform Worldwide

Vodafone Now Marketing Pareteum’s (TEUM) MVNO Platform Worldwide

Vodafone Now Marketing Pareteum’s (TEUM) MVNO Platform Worldwide

On December 21, 2016, Pareteum Corporation (TEUM) announced it has secured an extension of its existing MVNE relationship with Vodafone Enabler S.L. (VEE) and expects it first MVNO customer rollout through Vodafone Enabler during the first quarter of 2017. Vodafone Enabler is a group out of Vodafone Spain that is taking MNVO service offerings to all the Vodafone companies throughout the world. By using the Pareteum platform, and working with Vodafone Roaming, it can offer customers a turnkey service offering that allows seamless global roaming. So now any Vodafone company, based in any country, can offer its customers a product that gives its users communication services anywhere on the globe. This first announced customer, who will port over to Pareteum in Q1, is a current enterprise customer of Vodafone. Its has operations all over the world and has an extremely mobile employee and customer base and can use the Pareteum cloud based global platform to cut costs for employees and offer innovative services to customers. We believe in Q1 Vodafone could make an announcement as to who this customer is, and what services it is providing. With this reference customer, Pareteum should be able to market to others in this industry as well as companies in industries such as shipping, logistics, and IoT all of whom have global mobility as a common denominator.

The large majority of Pareteum’s revenues is supported by its long relationship with Vodafone Spain and should keep the company above water. It has plans in place to grow its current business 25% next year off its $12 million Q4 2016 run rate and already has three new customers signed. It has great prospects through Vodafone Enabler to capture customers requiring global roaming. Its cloud-based platform provides a leading edge solution for MVNOs and MVNEs who wish to create innovative products to sell to enterprises as well as consumers. It allows providers to seamless move traffic from carrier to carrier via software and takes advantage of multiple carriers in a geography without the user even knowing. This software defined network (SDN) solution is enjoying increasing adoption worldwide as it provides greater flexibility and lower costs than traditional legacy networks.

The company trades at a market value of $28.6 (using 220 million fully diluted shares) or an enterprise value of $34.5 million. This is approximately 3 times its current revenue run rate.

yahoo.com

 

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