A cloud communications platform company has been awarded a major contract from one of Africa’s largest mobile phone operators.
Pareteum Corporation has been awarded a three-year contract from Ericsson, a significant player in the mobile phone market across the continent.
Under the terms of the agreement, Pareteum will provide its global cloud services platform and receive revenue for subscribers, data and messaging services.
In a statement Ericsson said: “While Nigeria and South Africa will continue to have the highest number of connected devices, IoT is taking shape in the rest of the region especially in East Africa.
“The number of cellular IoT connections in the region is expected to grow at a compound annual growth rate of around 38% from 2016 to 2022, as governments and industries in the region begin to explore IoT solutions to solve region-specific challenges.”
Vic Bozzo, CEO of Pareteum, said: “We are honoured to be chosen for this contract. It represents the continued expansion to all corners of the globe where there is a need for new offerings, applications, settlement services and access to a superior cloud platform. We look forward to deploying these services.”