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21 Feb '17
Artilium extends Telenet contract
- Expanded MVNE Contract to deliver innovative MVNO services over the next five years
- New ARTA Bill® solution available to Telenet Group
- Contract extension includes a cash payment to be effected this month of €5.3 million
Telenet has decided, given the importance of the partnership and their overall satisfaction with Artilium’s solutions, to make a commitment to Artilium for the services it is due to receive over the next five years. As part of the extension, Artilium has secured a cash payment to be effected this month of €5.3 million for revenue which will be recognized in equal installments over the next five years.