Monday, November 10, 2008

Elephant Talk (ETAK.OB) Starts Operations in Netherlands Using T-Mobile Antenna Network

Elephant Talk seeks to become a supplier of choice for Business-to-Business telecommunications and content services. By combining fixed line and wireless access services through contractual arrangements with an unrestricted number of first/last mile telecom providers, Elephant Talk is able to offer innovative Mobile, Content, VoIP and Media Streaming as well as more traditional telecom services including: Carrier (Pre) Select, Premium Rate, Shared Cost and Toll Free Services.

Such contracts have expanded the company’s footprint into sophisticated networks in over a dozen markets in Europe, Asia Pacific, and the Middle East. Partners like KPN in the Netherlands, Telefonica in Spain, Swisscom in Switzerland, Telecom Italia in Italy, and Belgacom in Belgium have laid the groundwork for exciting partnerships to come; notably an upcoming definitive contract with T-Mobile in the near future.

Recently, Elephant Talk announced that its first Mobile Virtual Network Enabler (MVNE) platform using the antenna network of T-Mobile became operational in the Netherlands in September 2008. A second platform is expected to become operational in Spain in January 2009. Elephant Talk holds MVNE-Licenses; this results in short lead times and easy to realize international roadmaps. MVNE acts as the intermediary and bridges the gap between the Mobile Network Operator (MNO) and the Mobile Virtual Network Operator (MVNO). MVNE is important because it fosters interaction with consumers over mobile devices in a highly effective and cost efficient way.

“We believe this is just the beginning, and we are very satisfied with our progress,” said Steven van der Velden, Elephant Talk’s CEO. “We believe we can now implement our business plan to accelerate revenues and work toward our objective to achieve profitability by the third quarter 2009. This relationship should enable Elephant Talk to put its B-2-B clients, like the various Mobile Virtual Network Operators (MVNOs), in a position to operate as full (virtual) telecom suppliers offering combined fixed and mobile services.” He continued: “In addition, the wireless telecom sector has been exhibiting strong growth, and we believe this will further assist us in working toward our objectives.”

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