Elephant Talk Communications Expands Into U.S. Through Contract With AirTouch Communications
SCHIPHOL, THE NETHERLANDS--(Marketwire - Dec 13, 2011) - Elephant Talk Communications Corporation (
The announcement was made on the day that Elephant Talk rings the closing bell at the New York Stock Exchange in recognition of the company's listing on the NYSE Amex and it coincides with the growth of Elephant Talk's market penetration to almost 1 million SIMs in Europe, based on similar Mobile Services Platform agreements.
"Elephant Talk offers many advantages to our partners, such as an established and proven record in several deployment models and geographies, integrated organization, flexibility, and lower total cost of ownership, avoiding awkward, expensive hardware upgrades and software licensing renewals," said Elephant Talk Chairman and CEO Steven van der Velden. "We look forward to expanding our footprint in the United States in conjunction with AirTouch and its partner, LightSquared."
Under the agreement with AirTouch, Elephant Talk will provide the implementation of a Mobile Virtual Network Enabler (MVNE) Platform in the United States that includes a Gateway Support Network (GGSN), IN Intelligent Networking Platform, a Customer Relationship Management platform (CRM), a Full Rating & Billing Platform and a STP/Signaling Platform for AirTouch to launch its services in the United States.
Hide Kanakubo, AirTouch CEO, said, "We are extremely pleased to be affiliated with Elephant Talk, which has a strong, international track record of providing its partners with a full suite of integrated support coupled with cutting-edge technology, all at affordable rates."
The AirTouch deal is in addition to a recent hosting agreement whereby Elephant Talk manages the SIMs of one of the largest mobile virtual network operators (MVNO) in Spain. Elephant Talk has recently completed the migration of these SIMs to its Mobile Platform.
"This MVNO is currently active in many European countries where they offer low-cost voice, text and data services, plus low international calling rates. We expect the MVNO will stay ahead of the competition by using our fully integrated mobile platform and all the applications that run on top of it," Mr. van der Velden said.
Mr. van der Velden noted, "This mass migration was completed without the need to replace the subscriber SIM card and brings the number of SIMs Elephant Talk manages to close to 1 million, with more than 800,000 now generating monthly revenue. The migration, to the best of our knowledge, is the largest-ever migration worldwide without swapping out the SIM card. In fact, we believe that we are the only managed services company in the world that has completed such a large process successfully."
Mr. van der Velden added, "Elephant Talk's ability to effectively migrate users while achieving a maximum set of low-cost, state-of-the-art functionality, strongly positions us to secure similar contracts in the near term."
AirTouch products converge various services including voice, data, video and Internet. AirTouch provides next generation, high-performance, consumer friendly cellular cordless telephone technology and wireless signal amplification products to businesses and consumers. These include its cell@home, HomeConnex, UFO and FocalPoint products which are and will be sold through various channels.
Using the LightSquared network, AirTouch will offer its own branded wireless connectivity, opening up an important new revenue stream for both companies. Consumers and businesses that purchase AirTouch products can now conveniently sign up for accompanying AirTouch wireless connectivity for those devices. AirTouch will also offer its devices through LightSquared's other wholesale partners.
About Elephant Talk Communications
Elephant Talk Communications Corp. (
ValidSoft is a subsidiary of Elephant Talk Communications Corp. (
About AirTouch® Communications
AirTouch® Communications, Inc. is engaged in the development and marketing of patented telecommunications devices capable of converging voice, data, video, security, entertainment and other advanced communications services from various service providers on one piece of hardware. We currently hold three patents for our unique combination of cordless telephone technology and wireless signal amplification, which enables consumers and business to access voice, data, and other applications and services over the cellular wireless network. For further information about AirTouch Communications, please visit the web site: www.airtouchinc.com.
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