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Elephant Talk Communications Corp (ETAK.A)

ETAK.A on American Stock Exchange

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Latest Key Developments (Source: Significant Developments)

Pareteum Corp says restructuring of senior secured debt obligation
Thursday, 29 Dec 2016 08:35am EST 

Pareteum Corp - : Pareteum announces restructuring of senior secured debt obligation . Agreement extending maturity date of amounts owed into 2017 and 2018 . Pareteum Corp- Amended agreement provides extension of debt maturity date and potential for reduction of interest rate . Pareteum Corp - Pursuant to amendment, lender has agreed to extend maturity date on $10.1 million of outstanding principal and premiums to June 30, 2017 .Pareteum Corp-Upon repayment $1.5 million by March 31,additional $1.5 million by June 30 maturity date on remaining debt automatically extended to Dec 31, 2017.  Full Article

Pareteum corp secures expanded global cloud platform services agreement with European customer
Wednesday, 21 Dec 2016 08:47am EST 

Pareteum Corp : Pareteum Corp - secured an expanded global cloud platform services agreement with its European customer .Pareteum Corp - new contract, an extension of its existing MVNE deal with Vodafone enabler S.L.(vee).  Full Article

Pareteum Corp reports Q3 loss per share $0.08
Monday, 14 Nov 2016 05:09pm EST 

Pareteum Corp : Pareteum Corporation reports financial results for the third quarter ended September 30, 2016 . Qtrly loss per share $0.08 . Q3 revenue $3.2 million versus $3.5 million . "Significant workforce reductions during and just after end of quarter will be fully reflected in Q4 2016 results" . "With its current cost structure, post restructuring and divestiture of validsoft, positive ebitda is projected for full year 2017" . Sees revenue growth of 25 percent for 2017 over annualized Q4 2016 projected revenues of approximately $3 million .Headcount reductions from 265 full time equivalents ("ftes") to 82 ftes at end of Q3 2016.  Full Article

Elephant Talk Communications posts Q2 loss of $0.02/share - SEC Filing
Tuesday, 16 Aug 2016 06:31am EDT 

Elephant Talk Communications Corp: Qtrly loss per share $0.02 . Revenue for Q2 totaled $3.3 million compared with $19.2 million . Through end of Q2, co has completed two phases of its three-phase restructuring program announced late in 2015 .Headcount reductions from 265 full time equivalents to 154 FTES at end of Q2 2016.  Full Article

Elephant Talk failed timely payment of July employee payroll
Friday, 5 Aug 2016 05:22pm EDT 

Elephant Talk Communications Corp : Failed to make timely payment of July employee payroll and is therefore in breach of its obligations under its employment contracts . Says engaged in dialogue with employees with regard to company’s inability to satisfy payroll obligations . Says continues to engage in discussions with current senior secured lender, Atalaya, and other parties . Agreed with one of its major stockholders it would provide additional subordinated funding in amount of $3.5 million . Says refinancing is expected to be resolved in the course of Q3 and Q4 this year Source: (http://bit.ly/2aUV2Ce ) Further company coverage: [ETAK.A] ((Bangalore.newsroom@thomsonreuters.com;)).  Full Article

Elephant Talk posts Q1 loss of $0.03/share
Tuesday, 17 May 2016 09:24am EDT 

Elephant Talk Communications Corp : Elephant Talk reports financial results for the first quarter ended March 31, 2016 . Q1 revenue $3.3 million versus $5.0 million .Qtrly loss per share $0.03.  Full Article

Elephant Talk Communications Corp announces the appointment of Robert H. Turner as Executive Chairman
Tuesday, 17 Nov 2015 07:00am EST 

Elephant Talk Communications Corp:Says appointed Robert H. Turner as Executive Chairman and Tim Payne, current President of Elephant Talk North America, as interim CEO.Steven van der Velden has stepped down as Chairman, CEO and a director of the Company.  Full Article

Elephant Talk Communications announces chairman and CEO roles to be separated and addition to the board of directors
Monday, 28 Sep 2015 08:30am EDT 

Elephant Talk Communications:Announces chairman and CEO roles to be separated and addition to the board of directors.Says board to initiate immediate search to identify new CEO who will have responsibility to select management team.Says Steven Van Der Velden will remain as chairman of board and step down as CEO once replacement has been appointed.Says board has created a special committee of three independent directors which is responsible for all aspects of CEO search.  Full Article

Elephant Talk Communications Corp, Grupo Iusacell sign settlement worth about $13.5 mln
Tuesday, 16 Jun 2015 08:01am EDT 

Elephant Talk Communications Corp and Grupo Iusacell:ended their relationship, agreeing to a global settlement worth about $13.5 million for Mobile network enablement agreement.Says cash payment will be reflected on the company's financial reports for the quarter ended June 30, 2015.Says settlement allows to remain the owner of the platforms in Mexico.Reason for the termination was to allow for AT&T and Iusacell to ensure consistency of infrastructure suppliers in their businesses.Amicable parting of the companies in no way reflects on the performance of Elephant Talk or its technology and neither parties rule out the possibility of future business relationships.  Full Article

Elephant Talk signs contract with OpenMobile
Thursday, 28 May 2015 08:01am EDT 

Elephant Talk Communications Corp:Announces that the company's software platform was chosen by OpenMobile, a new MVNO in the Netherlands, to support its commercial launch.  Full Article

More From Around the Web

BRIEF-Elephant Talk changes name to Pareteum, appoints Vic Bozzo CEO

* Elephant Talk Communications Corp - appointment of Vic Bozzo as chief executive officer effective November 1, 2016