SOURCE: Elephant Talk Communications
SCHIPHOL, THE NETHERLANDS--(Marketwire - Jun 28, 2012) - Elephant Talk Communications Corp. (NYSE MKT: ETAK) (NYSE Amex: ETAK), an international provider of business software and complete managed network, billing and systems services to the telecommunications and financial services industry, today announced surpassing one million active mobile subscribers on the Vodafone Enabler Spain network. The unparalleled and advanced capabilities of the Elephant Talk Mobile Virtual Network Enabler (MVNE) platform are supporting several Mobile Virtual Network Operators (MVNOs) run by Vodafone Enabler Spain, Vodafone's business focused on developing the MVNO market in Spain.
Steven van der Velden, CEO of Elephant Talk, stated, "Management is extremely pleased with the continued growth of our high margin mobile services division. The additional migrations to our platform and the organic growth of existing MVNOs is a direct result of our strategic industry relationships coupled with our ability to provide users with high-quality mobile service. We believe the addition of new users continues to enhance our already strong global reputation and will lead to additional SIM cards migrating to the Elephant Talk platform in other geographic regions."
In late May, the LATAM MVNO community gathered during the LATAM edition of the MVNO Summit World Series in Sao Paulo to learn from the experiences of Vodafone Enabler Spain and Elephant Talk. Case studies from the region and presentations about the global and regional MVNO developments were presented.
Luis Jimenez-Tuñón, the Managing Director of Vodafone Enabler Spain, discussed the importance of a close partnership with the right technology partner, Elephant Talk, to bring complex MVNO solutions to the market while running a profitable business for the Operator.
At the MVNO Summit, Elephant Talk CTO Martin Zuurbier explained how the MVNE platform capabilities will be further enriched with advanced new services like OTA - Over The Air device management tools, NFC - Near Field Communication and secure mobile payment solutions, Location Based Services, and the inclusion of Pico and Femto Cells and full 4G/LTE capabilities. Mr. Zuurbier discussed how these advancements are expected to allow for more advanced MVNO service capabilities going forward.
Given the successful delivery and the new services to be launched by Elephant Talk in the near future, various companies that work on a global scale are in the process to assess the Elephant Talk MVNE platform to deploy their MVNO strategy in the pan-LATAM region.
About Elephant Talk Communications
Elephant Talk Communications Corp. (NYSE MKT: ETAK) (NYSE Amex: ETAK), (www.elephanttalk.com) is an international provider of business software and services to the telecommunications and financial services industry. The company enables both mobile carriers and virtual operators to offer a full suite of products, delivery platforms, support services, superior industry expertise and high quality customer service without substantial upfront investments from clients. Elephant Talk provides global telecommunication companies, mobile network operators, banks, supermarkets, consumer product companies, media firms, and other businesses a full suite of products and services that enables them to fully provide telecom services as part of their business offerings. The company offers various dynamic products that include remote health care, credit card fraud prevention, mobile internet ID security, multi-country discounted phone services, loyalty management services, and a whole range of other emerging customized mobile services. For more information, visit (www.elephanttalk.com).
About Vodafone Enabler España S.L.
Vodafone Enabler España S.L. (formerly Vizzavi España S.L.), is the Vodafone Group company focused on the development of the MVNO business in the Spanish market. Owner of a license for supplying electronic communications services, the Company has a radio access agreement with Vodafone España, S.A.U. Vodafone Enabler positions itself as the reference in quality, flexibility and innovation in the MVNO's Spanish market, and hosts and supports selected MVNOs delivering a differential offer to the market. Vodafone Enabler is a pioneer project of MVNE technology outsourcing and commercial innovation.
ValidSoft is a subsidiary of Elephant Talk Communications Corp. (NYSE MKT: ETAK) (NYSE Amex: ETAK), (www.elephanttalk.com) and is a market leader in providing solutions to counter electronic fraud relating to card, the internet, and telephone channels. ValidSoft's solutions are at the cutting edge of the market and are used to verify the authenticity of both parties to a transaction (Mutual Authentication), and the integrity of the transaction itself (Transaction Verification) for the mass market, in a highly cost effective and secure manner, yet easy-to-use and intuitive. For more information, please visit (www.validsoft.com).
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 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. 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 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 that projected or suggested is contained in the Company's filings with the Securities and Exchange Commission (SEC), copies of which are available from the SEC or may be obtained upon request from the Company.