Pareteum Announces Sol Mobile as First New MVNO Customer of its Enhanced Global Mobility Cloud Platform

NEW YORK, Dec. 7, 2016 /PRNewswire/ -- Pareteum Corporation (NYSE MKT: TEUM) ("Pareteum," or the "Company"), a leading provider of mobile networking software and services, today announced a new customer, Sol Mobile, (www.solmobile.co) deploying Pareteum's enhanced Global Mobility Cloud Platform product offering that allows Communications Service Providers and MVNOs to connect directly through the Cloud to the Pareteum platform for SIM connectivity, Voice, SMS Messaging and Roaming solutions.

Capitalizing on Pareteum's recent enhancement to its Global Mobility Cloud Platform, Sol Mobile, a provider of roaming and MVNO services in the UK and India, will be adding its growing subscriber base to the Pareteum platform. With Pareteum's global cloud-based mobility solution, Sol Mobile will be able to serve its cross-border roaming subscribers with an array of mobile services while leveraging Pareteum's connect anywhere global cloud-based mobility platform through its entire IT system and network infrastructure, seamlessly supporting its operations with its cloud-based interface.

"With a tradition of quality for our customers, we were very happy to reach a mutually beneficial contract with Pareteum. Pareteum's team focus on providing MVNOs with scalable, future proof solutions, allows us to fully support our growing subscriber base while allowing us to focus on what we do best, delivering high quality service to our mobile customers," stated Andrew Middleton, CEO of Sol Mobile.

"We are very pleased to be working with the innovative team at Sol Mobile," said Hal Turner, Pareteum's Executive Chairman. "With our enhanced Global Mobility Cloud Platform solution, we are truly able to partner with our customers, providing them with an incomparable platform that can uniquely suit their needs, enabling them to provide their subscribers with a comprehensive, high quality, connect anywhere, user experience. Sol Mobile's deployment will leverage our newly enhanced Global Mobility Cloud Platform and is strong validation of our software's value proposition to our customers. We are very pleased to add Sol Mobile's logo to our client list, expanding our IP network reach for an enhanced customer experience," Mr. Turner continued.

"The Sol Mobile client addition is a significant step towards the realization of our vision of enabling and securing communications, transactions and applications for the connected world via our globally deployed cloud services," said Vic Bozzo, Pareteum CEO. "Today's agreement with Sol Mobile is evidence of the growing interest we are seeing in the enhanced Pareteum Mobile Cloud platform from mobile operators and brands who are seeking to deliver and manage a superior, cost effective, and highly differentiated mobile communications product to their clients," Mr. Bozzo concluded.

About Pareteum Corporation:

Pareteum Corporation, and its subsidiaries (also referred to as "Pareteum", and "the Company") provide a complete mobility cloud platform, utilizing messaging and security capabilities for the global Mobile, MVNO, Enterprise and IoT markets. Pareteum's large MVNE customers, include Vodafone (the world's second largest mobile operator by customer), Zain (the 4th largest mobile operator in the world in terms of geographical presence) and Cleartech. For more information please visit: www.pareteum.com.

About Sol:

Sol Mobile is an International MVNO business formed to address a specific underserved section of the market. Sol's management has over 50 years' experience in the Telecoms markets having worked across both leading International Telco's, and small start-up business including BT, Cable and Wireless, MCI, Verizon, and Alpha Telecom. Sol Mobile supplies MVNO services through its partnership agreement with Limitless Mobile Group, which provides mobile services in Denmark, Germany, Poland, Sweden and the UK. Sol Mobile is based in the UK and has offices in London and Dartford as well as Spain. For more information please visit www.solmobile.co.

Investor Relations Contacts:

Steve Gersten
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[email protected]

Scott Gordon
CoreIR
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SOURCE Pareteum Corporation

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