Pareteum Corporation announced that on March 26th, 2020, its European operating subsidiary entered into a procurement agreement (the "Agreement") with Vodafone Enabler Espana, S.L. ("Vodafone") pursuant to which Pareteum Europe will provide Vodafone with mobile network services. The Agreement is a new contract for existing and future services valid until 26th of March 2022 with automatic one-year extensions unless terminated earlier. The Agreement is expected to result in payments to Pareteum based on the numbers of subscribers per month.