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Pareteum +6.7% on deal with comms provider to Africa

Published 01/10/2018, 11:45 AM
© Reuters.  Pareteum +6.7% on deal with comms provider to Africa
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  • Pareteum (NYSEMKT:TEUM), mostly moving lately on word of its latest deal announcements, is up 6.7% after noting it won a three-year contract with a "significant cross-border European and African mobile operator."
  • Pareteum will offer its Global Cloud Services platform and will receive revenue for subscribers, data and messaging services.
  • The company points to Ericsson (BS:ERICAs) estimates that cellular Internet-of-Things connections in Africa are expected to grow at a compound annual growth rate of 38% from 2016-2022.
  • Now read: Novogratz's crypto plan comes into focus


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