SUBSCRIBE TO TMCnet
TMCnet - World's Largest Communications and Technology Community

TMCNet:  Elephant Talk Receives $10M Service Prepayment as part of 5 Year Contract Extension with MNO Client in Europe

[December 13, 2013]

Elephant Talk Receives $10M Service Prepayment as part of 5 Year Contract Extension with MNO Client in Europe

(Benzinga Lightning Feed Via Acquire Media NewsEdge) Elephant Talk Communications (NYSE: ETAK) today announced that the Company has signed a 5-year extension with an existing Mobile Network Operator (MNO) in Europe. Under the financial terms of this new contract, the Company expects that hosting fees will increase approximately 13%, on average, per SIM per month, in exchange for improved service levels. Elephant Talk will receive continuous prepayments of approximately $10 million for the duration of the contract.


See full press release (c) 2013 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.

[ Back To Technology News's Homepage ]

OTHER NEWS PROVIDERS







Technology Marketing Corporation

800 Connecticut Ave, 1st Floor East, Norwalk, CT 06854 USA
Ph: 800-243-6002, 203-852-6800
Fx: 203-866-3326

General comments: tmc@tmcnet.com.
Comments about this site: webmaster@tmcnet.com.

STAY CURRENT YOUR WAY

© 2014 Technology Marketing Corporation. All rights reserved.