MEXICO CITY and OKLAHOMA CITY, Sept. 25, 2014 /PRNewswire/ -- Elephant Talk Communications Corp. (NYSE MKT: ETAK) ("Elephant Talk" or "the Company"), a global provider of Software Defined Network Architecture (ET Software DNA® 2.0) platforms and cyber security solutions, today announced that it has begun the next phase of its planned SIM migration of Grupo Iusacell ("Iusacell") customers in Mexico. As part of the continuing migration, an additional 2.5 million GSM subscribers will be transitioned onto the Elephant Talk platform over the next four to six weeks.
"We are pleased to have begun this large, planned migration that will include a substantial number of additional Iusacell subscribers onto our platform," commented Steven van der Velden, Chairman and CEO of Elephant Talk. "Having completed all necessary system testing at the customer, we believe that we are on course to successfully migrate all of the remaining pre-paid Iusacell GSM subscribers."
Adrian Steckel, CEO of Grupo Iusacell Mexico, added, "We are glad that this major next step in the migration of our 8 million mobile customers is planned to be executed in the coming weeks despite the fact that internal testing and integration of our various databases took longer than we initially expected. Overall, we remain very confident that our migration targets will be finalized successfully."
Elephant Talk's ET Software DNA® 2.0 platform incorporates virtualized software technologies and a hosted, outsourced cloud-based architecture that enables mobile network operators ("MNOs") to manage all of their core network and service management functions in a single software solution. The Company believes its platform is the only single software platform designed to support a capacity of over 10 million mobile subscribers with seamless provisioning of 2G/2.5G/3G/4G (LTE) and CDMA standards. While being hosted on the Elephant Talk platform, mobile carriers can significantly reduce capital investments in new hardware, eliminate the use of legacy software and hardware and reduce network operating and maintenance costs while benefiting from greatly improved flexibility and the ability to quickly deploy new services. Elephant Talk's ET Software DNA® 2.0 platform is currently providing services to MNOs in four different countries.
About Elephant Talk
Elephant Talk Communications Corp. (NYSE MKT: ETAK), is a global provider of mobile proprietary Software Defined Network Architecture (Software DNA® 2.0) platforms for the telecommunications industry. The company empowers Mobile Network Operators (MNOs), Mobile Virtual Network Operators (MVNOs), Enablers (MVNEs) and Aggregators (MVNAs) with a full suite of applications, superior industry expertise and high quality customer service without substantial upfront investment. Elephant Talk counts several of the world's leading MNOs and technology companies amongst its customers and partners, including Vodafone, T-Mobile, Zain, Iusacell and HP. Visit: www.elephanttalk.com.
About Iusacell
Grupo Iusacell ("Iusacell") is the fastest-growing mobile communications carrier and third-largest operator overall in Mexico, serving approximately 8 million wireless subscribers throughout the country. Iusacell is owned by Grupo Salinas, a prominent telecom & media, financial services and Mexican retail conglomerate. Visit: www.iusacell.com.
Forward-Looking Statements
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 Elephant Talk's plans and objectives, projections, expectations and intentions. These forward-looking statements are based on current expectations, estimates and projections about Elephant Talk'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, including, without limitation, the ability of the Company to regain compliance with the listing standards of the NYSE MKT LLC. Because such statements involve risks and uncertainties, the actual results and performance of Elephant Talk 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, Elephant Talk 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 may be found in Elephant Talk's filings with the Securities and Exchange Commission (the "SEC"), copies of which are available from the SEC or may be obtained upon request from Elephant Talk.
Contacts:
Investor Relations:
Steve Gersten
Capital Markets Group
813-926-8920
[email protected]
Public Relations:
Michael Glickman
MWG CO.
917-596-1883
[email protected]
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SOURCE Elephant Talk
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