Elephant Talk Communications, Inc. (ETAK)

[lugan]

Elephant Talk Communications, Inc., an international provider of business software and services to the telecommunications and financial services industries, today announced that the company has signed a Memorandum of Understanding (MOU) agreement with Cleartech to become its Mobile Virtual Network Enabler (MVNE) partner in Brazil. Elephant Talk will provide infrastructure services to the growing marketplace of Mobile Virtual Network Operators (MVNOs) and their end-user customers. Cleartech, a joint-venture by the leading Brazilian IT companies
EDS, CPqD and DBA Engenharia, is a clearinghouse of telecom companies that manages interconnections and services shared by telecom operators in the country, which has a mobile penetration that recently reached 100 percent in a population of about 200 million people.