BARCELONA, Spain and OKLAHOMA CITY, Feb. 24 2014 /PRNewswire/ -- Elephant Talk Communications Corp. (the "Company" or "Elephant Talk") (NYSE MKT: ETAK), a leading international provider of Software Defined Network Architecture (Software DNA™) platforms and cyber security solutions, today announced the completion of the initial rollout of its newly enhanced Software Defined Networking (SDN) platform known as Software DNA™ 2.0. which has been developed in conjunction with existing Mobile Network Operator (MNO) customers in Spain and Mexico where the systems are deployed. The platform is currently managing millions of mobile retail customers and the solution is the first comprehensive, hosted SDN solution, which includes core network functions that are dedicated to the unique needs of mobile operators who are faced with expensive and complex network infrastructure challenges.
According to recent research published by AlixPartners, a leading business advisory group, it is estimated that European telecoms need to cut as much as €100bn in costs if the sector is to sustain growth given the forecasts of a fifth consecutive year of decline in revenue.
"Based upon actual deployment experience, we believe that MNOs can realize up to 80% of their cost cutting objectives by adopting a Software Defined Network Architecture platform like our Software DNA™ 2.0 which can eliminate legacy software and hardware as well as outdated network management systems," said Steven van der Velden, CEO and Chairman of the Company. "Unlike incomplete and needlessly complex systems incorporating several components from multiple hardware and software vendors, Elephant Talk's homogenous solution provides our customers with a single interface for multiple and distributed modules, sites and even countries. It is proving to be resilient, reliable and very cost effective." Mr. van der Velden and members of the Elephant Talk management team are attending the Mobile World Congress in Barcelona this week meeting with Mobile Network Operators, partners and vendors.Historically, mobile operators added new functionality and infrastructure as their customer base and portfolio of services grew, resulting in heterogeneous systems that are often difficult and costly to upgrade for new standards such as 4G /LTE. Adding further complexity and integration work on top of existing core network and front and back office systems, will affect the timing for market strategies, the capacity to adapt their service roadmap quickly and maintain their quality of service. With the Software DNA™ 2.0 platform, MNOs will be able to reduce their CAPEX and OPEX expenses and provide faster time to market for new and differentiated applications.
Check Out Our Best Services for Investors
- $2.5+ million portfolio
- Large-cap and dividend focus
- Intraday trade alerts from Cramer
Access the tool that DOMINATES the Russell 2000 and the S&P 500.
- Buy, hold, or sell recommendations for over 4,300 stocks
- Unlimited research reports on your favorite stocks
- A custom stock screener
- Model portfolio
- Stocks trading below $10
- Intraday trade alerts