Pareteum Corporation (NYSE MKT: TEUM) (“Pareteum” or the “Company”), a leading international provider of mobile networking software and services to the Mobile Network and Internet of Things markets, and AirFox, a mobile platform provider that enables mobile operators to become agile digital service providers by increasing access to and maximizing the value of mobile data, announced today that they are entering a partnership designed to address the industry’s need to increase revenues and consumer demands for access to mobile data services through applications on their smartphones.
Under terms of the partnership, AirFox’s Mobility Platform will be deeply integrated and embedded into Pareteum’s Global Mobility Cloud Platform. Service revenues, based on subscribers opting into advertising and sponsored brand content on their smartphones, will be collected by Airfox and paid to Pareteum. Pareteum will pay participating mobile operators their agreed share of the revenues. The mobile operators can use the new revenue streams to be more competitive or to create brand loyalty programs, rewards, and data plan subsidies. Operators can optimize subscriber yields and maximize subscriber data revenues by dynamically pricing the use of selected applications and by launching zero-rated (toll free) services.
AirFox was founded by Google veterans Victor Santos and Sara Choi who served as Media Lead for Google’s YouTube subsidiary. The AirFox Mobility Platform gives mobile operators more data control and enables them to offer subscribers a better experience and greater data affordability. AirFox has partnered with brands and leading advertising providers including Facebook, Google, and Twitter. It has a streamlined interface where a mobile operator’s non-technical employees can easily configure varied combinations of applications and customized data plans that are automatically synchronized with their subscribers’ mobile devices.
“Helping our customers grow their businesses through the cost-effective deployment of new mobile services is Pareteum’s primary mission. Together with Airfox, we are expanding the value we can deliver to operators by enabling them to tap into the vast opportunity of consumer mobile data services including social media and streaming, giving them the flexibility to customize their service offerings while generating new revenue streams,” said Vic Bozzo, Chief Executive Officer of Pareteum.
“AirFox helps mobile operators to better serve and more fully monetize their subscribers. Our integration into Pareteum’s innovative and flexible services platform will allow MNOs and MVNOs to quickly build and deliver new service offerings, providing them with a combination of capabilities not currently offered in the marketplace. These capabilities address significant competitive challenges operators face, in particular, pressure on subscriber revenue, churn, and the expense and lack of flexibility in offering attractive new application plans,” said Dan Powdermaker, Executive Vice President of AirFox.
About Pareteum Corporation:
Pareteum Corporation and its subsidiaries provide a complete mobility cloud platform, utilizing messaging and security capabilities for the global Mobile, MVNO, Enterprise, SaaS and IoT markets. Mobile Network Operator (MNO) customers include Vodafone, the world’s second largest mobile operator by customer count, Zain, the 4th largest mobile operator in the world in terms of geographical presence and other Tier 1 operators, MVNO customers such as Lebara and Lowi, and partners including Cleartech and Expeto. For more information please visit: www.pareteum.com.
AirFox enables mobile operators to maximize subscriber yield and revenues by swiftly launching more flexible data plans including sponsored plans, zero-rated plans and application-specific plans. AirFox Mobility is an easy to implement and cost-effective platform-as-a-service (PaaS) that helps mobile operators become agile service providers and to dynamically create flexible new data offers. For more information on AirFox, please visit: www.airfox.io.
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.
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