Elephant Talk Receives $10M Service Prepayment as part of 5 Year Contract Extension with MNO Client in Europe
December 13, 2013 at 08:05 AM EST
Elephant Talk Communications (NYSE: ETAK ) today announced that the Company has signed a 5-year extension with an existing Mobile Network Operator (MNO) in Europe. Under the financial terms of this new contract, the Company expects that hosting fees will increase approximately 13%, on average, per SIM per