Saturday, 22 August 2009

Elephant Talk announces Q209 results – The Netherlands

Dutch MVNE Elephant Talk has reported its Q209 results. Elephant Talk reported revenues of USD 11.3m for Q209, down USD 0.6m compared to USD 11.9m for Q208. The fall has been cited as a result of an unfavourable currency exchange. The company began receiving MVNO revenues during Q408 which positively contributed to its position. If the currency exchange rates had remained constant then the company would have posted a gain compared to last year.

Steven van der Velden, Chief Executive Officer of Elephant Talk Communications, commented on the results saying: "Management is pleased with the strategic direction in which the company is headed and with the strong top-line growth we experienced for the second quarter … The focus going forward will be to acquire additional MVNO contracts while leveraging ValidSoft's location based services technology in order to become the market leader in the international telecom arena."

According to Elephant Talk, the company is positioning itself as the preferred MVNE partner of the larger, global mobile operators and currently operates sophisticated networks in over a dozen markets in Europe, Asia Pacific, and the Middle East.