Pareteum Corporation announced that it has been awarded a five-year $3 million contract for implementation of its Managed Services Solution with a South American provider of communications solutions with over 20 years of successful market experience. Pareteum's Managed Services Platform, their longest provided in-service product (over ten years of commercial use), delivers the value generating software based Intellectual Property of TEUM. This includes: web portal, E-commerce platform, subscriber management, end user and back-office billing, carrier settlement systems (supporting Blockchain management, with multi-currency and crypto payments support), and Intelligent network management, with self-care portal services. It is their intelligent network, with their Home Location Registry (HLR), delivered as a service that manages the core mobile network. The agreement, when fully deployed and implemented, will service over 300,000 connections in multiple countries.