NEW YORK, Jan. 21, 2015 /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 LOWI has been launched on Elephant Talk's fully redundant mobile platform in Spain, joining virtual operators like Lebara, BT, Eroski, NEO and HITS.
Elephant Talk, through its existing agreement with Vodafone Enabler Spain S.L., enables LOWI through its full services platform including postpaid voice, SMS and data services, with 3G coverage for consumers throughout Spain. Luis Jimenez-Tunon, Managing Director of Vodafone Enabler Espana S.L.,stated, "The launch of LOWI was a remarkable achievement for both Vodafone Enabler and Elephant Talk. Our combined teams worked relentlessly to complete the platform in 3 months in support of Vodafone's new brand. Elephant Talk was able to change the complete core network, the systems architecture, the billing engine, developed all the functionality required and integrated with third parties for the website and distribution. Both teams worked seamlessly together and since mid-December we have been activating new LOWI SIMs on Elephant Talk's platform."
"Global consumer interest in high-value mobile services continues to drive new MNO and MVNO brands, creating valuable opportunities for MNOs and enablers like us that can provide the critical software infrastructure needed to efficiently and cost effectively deploy these new integrated services," stated Steven van der Velden, Chairman and Chief Executive Officer of Elephant Talk. "Due to the unique Network Function Virtualization foundation of our ET Software DNA® 2.0 platform, we believe we are able to dramatically reduce capital investment costs for mobile operators, while improving their time to market and also increasing added value for their customers. We look forward to continue to add MNO and MVNO brands to our portfolio over the course of 2015 and, as these brands aggressively build their subscriber bases, we expect to continue adding high margin SIMs to our platform."
Alberto Galaso, Director of Low Cost in Vodafone Spain, explained: "LOWI starts with the purpose of leading the low cost segment in Spain, with a disruptive approach based on simplicity and transparency. We are featuring 1GB+ of mobile data for 6€ VAT included, and 0c€/min calls to all Spanish mobile and fixed numbers (charging only the call set-up). Additionally, customers benefit from the ability to rollover non-consumed data to the next month."
"In only three months, we were able to deploy a fully redundant installation including new HLR\HSSs, new upgraded IP systems, new GGSNs, new provisioning, a new postpaid billing system and backup systems in two co-location datacenters in Barcelona and Madrid, a process that would have taken other providers at least a year," stated Martin Zuurbier, CTO of Elephant Talk. "Thanks to our 'super node' processing platform in Spain, we have enabled systems like our Dynamic Rating Engine to run in memory with extremely fast response times and redundancies, all part of our existing NFV/SDN platform."
About Elephant Talk Communications Corp.: Elephant Talk Communications Corp. (NYSE MKT: ETAK), is a global provider of mobile proprietary Software Defined Network Architecture (ET 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 the need for 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.
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. 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 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.
Investor Relations: Steve Gersten Capital Markets Group 813-926-8920 [email protected]