Liberty Global to Leverage the Pareteum Experience Cloud in New Pan-European Voicemail Platform

Rhea-AI Summary

Pareteum Corporation (Nasdaq: TEUM) has partnered with Liberty Global to create a pan-European Voicemail platform using the Pareteum Experience Cloud. This solution enables Liberty Global to serve millions of European customers with a unified voicemail system, capable of supporting multiple languages and time zones. Launched on April 23, 2020, the platform enhances customer experiences through over 100 features and integrates with existing services like IVR. Pareteum's CEO highlighted the flexibility and cost-effectiveness of the solution, marking an important milestone in their collaboration with Liberty Global.

Positive

• Partnership with Liberty Global enhances market reach and potential customer base.
• Introduction of a flexible and scalable Voicemail platform supporting millions across Europe.
• Integration of multiple services allows for future expansion and feature enhancement.

Negative

• None.

NEW YORK, June 17, 2020 /PRNewswire/ -- Pareteum Corporation (Nasdaq: TEUM), a global cloud communications platform company, announced today that it has been selected by Liberty Global, a multinational telecommunications company, to build a pan-European Voicemail platform.

Leveraging the Pareteum Experience Cloud Voicemail solution, Liberty Global's new platform will be available to its entire European customer base.

Liberty Global is one of the world's leading converged video, broadband, and communication companies, with headquarters in London, Amsterdam, and Denver. They have operations in several European countries under the consumer brands Virgin Media, Telenet, and UPC.

The Pareteum Experience Cloud Voicemail solution is a multi-tenant, API-driven voicemail offering that supports over 100 features, settings, and options, enabling rich customer experiences.

The partnership provides Liberty Global with one pan-European, geo-redundant voicemail platform capable of serving millions of customers across Europe and supporting the continent's many languages and time zones. Additionally, the Pareteum Experience Cloud Voicemail solution has been integrated with IMS, enabling both fixed and mobile customers to use the same voicemail environment.

The solution is based on the Pareteum Experience Cloud architecture. This means that other Pareteum offerings, such as Interactive Voice Response (IVR) and Missed Call Alert, can be easily deployed to further expand Liberty Global's new platform in the future.

"The flexibility, scalability, and cost effectiveness of our Voicemail solution offers many advantages to telecom operators around the world," said Bart Weijermars, Pareteum's interim CEO. "I see the delivery of our Voicemail solution as the next step in our long-standing relationship with Liberty Global."

On April 23, 2020, Liberty Global migrated the first users to the platform.

About Pareteum Corporation
Pareteum is an experienced provider of Communications Platform as a Service solutions. Pareteum empowers enterprises, communications service providers, early stage innovators, developers, IoT, and telecommunications infrastructure providers with the freedom and control to create, deliver and scale innovative communications experiences. The Pareteum platform connects people and devices around the world using the secure, ubiquitous, and highly scalable solution to deliver data, voice, video, SMS/text messaging, media, and content enablement. For more information please visit: www.pareteum.com.

Forward Looking Statements
Certain statements contained in this press release constitute "forward-looking statements" as defined by the Private Securities Litigation Reform Act of 1995. Such statements may include, without limitation, statements with respect to the Company's plans and objectives, projections, expectations and intentions. These forward-looking statements are based on current expectations, estimates and projections about the Company'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. We discuss many of these risks, uncertainties and assumptions in Item 1A under the heading "Risk Factors" in our Annual Report on Form 10-K for the year ended December 31, 2018, as updated by our other filings with the SEC.  Because such statements involve risks and uncertainties, the actual results and performance of the Company may differ materially from the results expressed or implied by such forward-looking statements. Given these risks and uncertainties, readers are cautioned not to place undue reliance on such forward-looking statements. Unless otherwise required by law, the Company 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 the Company's filings with the Securities and Exchange Commission, copies of which are available from the SEC or may be obtained upon request from the Company.

Media Inquiries
Press@pareteum.com

Pareteum Investor Relations Contacts:
Investor Relations +1 (646) 975-0400  
Investor.relations@pareteum.com 

 

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SOURCE Pareteum Corporation

FAQ

What is the new partnership between Pareteum and Liberty Global about?

Pareteum has partnered with Liberty Global to build a pan-European Voicemail platform using its Experience Cloud.

When was the pan-European Voicemail platform launched by Liberty Global?

The platform was launched on April 23, 2020.

What advantages does the Pareteum Voicemail solution offer?

The solution features over 100 capabilities and supports multiple languages and time zones.

How will the new platform impact Liberty Global's operations?

It will provide a unified, geo-redundant voicemail system for millions of its customers in Europe.

What is the significance of the Pareteum Experience Cloud for Liberty Global?

It allows for the integration of other services, enhancing customer experience and future scalability.