Artilium extends Telenet contract

Belgium, February 2017 -  Artilium secures major contract upgrade and extension from largest customer Telenet. Artilium is pleased to announce that it has secured an expanded MVNE platform agreement with its largest customer, Telenet Group BVBA (“Telenet”), securing the relationship for the next five years.

Highlights:

  • 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.

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