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Not many people realize that Vodafone is Pareteum's biggest customer, responsible for 40% of its revenue in 2018. Fewer still might realize that a daughter company of Vodafone helped developing Pareteum's CPaaS platform, it's Global Mobility Cloud Platform. From a Jan 2017 company PR:

Quote:NEW YORK, Jan. 24, 2017 /PRNewswire/ -- Pareteum Corporation (NYSE MKT: TEUM) ("Pareteum" or the "Company"), a leading international provider of mobile networking software and services, today announced that it has been awarded a new technology development contract from Vodafone Enabler S.L.(VEE). Pareteum has received an additional engagement from Vodafone for the deployment of technology that enables the delivery of advanced service capabilities for customers hosted on its cloud platform and includes material upfront payments and additional ongoing fees.

The newest Vodafone Enabler engagement, a significant addition to its existing agreement, expands the capabilities of Pareteum's customers including Mobile Virtual Network Operators (MVNOs), enterprises and communications service providers to deliver full-feature, advanced mobile services typically available to subscribers on Tier-1 4G networks. Once completed, the platform enhancement will allow Global Mobility Cloud customers to cost effectively offer mobile subscribers a full array of data-rich capabilities including mobile web access, IP telephony, gaming services, high-definition mobile TV, video conferencing, and VR applications. The Company is finalizing development and implementation of the new services for customers by the end of the first quarter of 2017. As clients are added to the broadband-enabled platform, Pareteum will receive additional monthly recurring subscriber revenue.

"Pareteum's Global Mobility Cloud Platform has already begun to demonstrate its power to disrupt the mobile communications market by eliminating the costly barriers created by legacy networks and geographic location. Together with Vodafone Enabler, we are ready to accelerate that disruption," said Hal Turner, Executive Chairman of Pareteum. "Broadband service delivery greatly enhances our cloud-based services capabilities by enabling any provider or any brand to offer the full range of advanced mobile services previously reserved for customers on the biggest, most advanced networks," Mr. Turner added.

"Technology is having a significant impact on the mobile communications industry by enabling enterprises and consumer brands across every industry to provide new connectivity solutions to their employees and customers. Providing support for full-featured, advanced mobile services empowers those organizations to innovate and differentiate themselves; in turn creating tremendous value for their businesses and their stakeholders," stated Vic Bozzo, Chief Executive Officer of Pareteum.

Some more on its relation with Vodafone, from Zacks:

VODAFONE NOW MARKETING PARETEUM’S (TEUM) MVNO PLATFORM WORLDWIDE

12/21/2016

By Lisa Thompson

NYSE:TEUM

On December 21, 2016, Pareteum Corporation (NYSE: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.

Not to mention people that came from Vodafone, from company PR:

NEW YORK, NY – PRNewswire – March 26, 2018 – Pareteum Corporation (NYSE American: TEUM), (“Pareteum” or the “Company”), the rapidly growing Cloud Communications Platform company, announced that it has appointed Mark McLauchlan as Vice President of Strategic Accounts. Mark brings over 15 years of experience working in the telecom, media, and technology (TMT) sectors, addressing the needs of communications services providers (CSPs) and enterprise businesses. At Vodafone, Mark was part of the team responsible for establishing what is now; ‘Vodafone Carrier Services’. From there, he moved to a US app company effectively establishing presence in local markets around the globe. Mark’s earlier experiences at Cable & Wireless ranged from Finance to Strategy, Product Management, and, ultimately, global sales, where he led the Global Voice Services team.

“It was a simple decision to join Pareteum. The agility and relevant capability of our platform, coupled with our ability to integrate, provides boundless potential for Operators and Enterprises to accelerate their digital strategies. I am really excited to bring our capability to this market and help our partners to achieve their business initiatives rapidly, with maximum impact,” stated Mark McLauchlan. “Mark is an experienced telecom and technology executive with in-depth understanding of the market,” says Rob Mumby, Pareteum’s Chief Revenue Officer. “Under his leadership, we will have tighter focus on developing and delivering our market-revolutionizing capabilities to our most strategic customers.”

Hal Turner, Executive Chairman and Principal Executive Officer of Pareteum, commented, “Mark brings another dimension of global account management to the team. His broad experiences and large network of contacts at both a local and global level will accelerate Pareteum’s sales and deployments for the global multinational customers he seeks to add to TEUM’ s growing list of satisfied clients. His knowledge of CSPs and their businesses provides us with an opportunity to deepen our relationships with strategic partners around the world, and enables them to realize value from their transformational initiatives utilizing Pareteum’s Global Cloud Services Platform and solutions.”