Seeking Alpha

Elephant inks 5-year contract extension with client; +24%

  • Elephant Talk (ETAK) soars 24% after getting a 5-year extension with an existing Mobile Network Operator (MNO) client in Europe. Elephant expects hosting fees to increase approximately 13% on average, per SIM per month, in exchange for improved service levels. Elephant will receive continuous prepayments of about $10M for the duration of the contract.
  • Press release
Comments (1)
  • joeg1969
    , contributor
    Comments (435) | Send Message
     
    What people fail to realize is $10 Million dollars is the minimum expected! More customers more money,the sky is the limit here! Long $ETAK
    12 Jan 2014, 11:55 PM Reply Like
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