PARETEUM CORPORATION (NYSEMKT:TEUM) Files An 8-K Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers
Item 5.02.   Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.

Effective March 1, 2017, Pareteum Corporation (the "Company") appointed Luis Jimenez Tuñon as an independent director of the Company.

Prior to joining the Company, Mr. Jimenez Tuñon held a number of management positions in leading high-technology companies. Mr. Jimenez Tuñon is currently CEO of Red Queen Ventures, S.L. a global high-tech advisory and investment company which he recently founded. From 2011 to 2016 Mr. Jimenez Tuñon served as CEO of Vodafone Enabler S.L., the cutting edge digital mobile operator fully owned by the Vodafone Group in charge of MVNOs, Vodafone Spain’s second brand (Lowi.es – best Spanish MVNO 2015 & 2016) and of International Advanced Enabling Services for the Vodafone Group. Mr. Jimenez Tuñon pioneered this start-up in 2011 and grew businesses up to hundreds of millions euros in yearly revenue and profit as well as achieving remarkable international expansion. From 2013 to 2016, Mr. Jimenez Tuñon also served as Senior Vice President at Vodafone Spain, working as Chief of Wholesale Business (MVNOs, Enablers, Carriers, Roaming and Interconnection). Prior to Vodafone Enabler, Mr. Jimenez Tuñon was Vice President of Strategy, and before Executive for Strategic Projects at Vodafone Spain, company he joined in 2006. Beginning his career in the satellite industry in 2002, Mr. Jimenez Tuñon held various positions including Research engineer at the National Space Institute of Denmark and later Deputy Commercial Director of INSA until 7/2006, -today ISDEFE- the largest aerospace company in Spain -by number of employees- working for NASA and ESA.

Mr. Jimenez Tuñon earned an Executive MBA from EOI Business School, a Master Degree in Wireless Communications from Polytechnic University of Madrid and an MSc in Telecommunications Engineering from University of Zaragoza in cooperation with Technical University of Denmark (DTU). He is also Stanford Executive Management Program (SEP) from the Graduate School of Business (GSB) of the Stanford University in California. Mr. Jimenez Tuñon has received several professional and academic awards at international and national level. He has lived in Spain, Denmark, France and Ireland and worked with a large number of companies and institutions in Europe, US, Latin America and Middle East. Along with his executive career, Mr. Jimenez Tuñon has been guest speaker at international business summits and has published several papers. He is also Stanford‘s GSB lifetime Alumni.

Mr. Jimenez Tuñon will receive customary compensation for his service as a director equal to other directors of the Company.

Since the beginning of the Company’s last fiscal year, Mr. Jimenez Tuñon has not been a party to any transaction, or any currently proposed transaction, in which the Company was or is to be a participant and the amount involved exceeds $120,000, or in which any related person of Mr. Jimenez Tuñon had or will have a direct or indirect material interest.

About PARETEUM CORPORATION (NYSEMKT:TEUM)

Pareteum Corporation, formerly Elephant Talk Communications Corp., is an international provider of mobile networking software and services. The Company and its subsidiaries provide a mobility cloud platform, utilizing messaging and security solutions for the global mobile, mobile virtual network operator (MVNO), enterprise and Internet of things (IoT) markets. It is engaged in providing communications technology. ET Software DNA 2.0 is the Company’s intelligent mobile service platform. Its platform hosts integrated information technology (IT) or Back Office and Core Network functionality for mobile network operators (MNOs), MVNOs, and mobile virtual network enablers (MVNEs) and mobile virtual network aggregators (MVNAs) on an outsourced software as a service (SaaS), platform as a service (PaaS) and infrastructure as a service (IaaS) basis. Its virtual mobile platform solutions for MNOs and MVNOs feature Software Defined Networking and Network Functions Virtualization technologies.

PARETEUM CORPORATION (NYSEMKT:TEUM) Recent Trading Information

PARETEUM CORPORATION (NYSEMKT:TEUM) closed its last trading session down -0.46 at 2.14 with 144,876 shares trading hands.