Tecnotree Awarded a USD 10.4 Million Contract for Managed Services in Latin America

Tecnotree Oyj 

05.07.2012 07:30

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Tecnotree Corporation
Stock Exchange Release
July 5, 2012 at 8.30 am (EEST)



Espoo, Finland - Telecoms IT solutions provider Tecnotree today announced that
it has been awarded a managed services contract with an operator group in Latin
America. The value of the recurring contract is USD 10.4 million per annum. 

The contract expands the previously rendered services scope from basic software
support and maintenance towards managed services including new service
offerings like operations support, consultancy, release management and
monitoring. As a consequence, the annual contract run rate value has been
augmented from below USD 7 million to above USD 10 million. The expanded
services will be deployed stepwise during the second half of 2012. 

Kaj Hagros, Tecnotree President & CEO, says: 'With the Tecnotree strategic
renewal direction communicated in 2011, we are seeking growth through expanding
our solutions and services footprint across key customers. This is an important
victory with regards to our new managed services offering.' 



TECNOTREE CORPORATION

Kaj Hagros
President and CEO



Further information
Kaj Hagros, President and CEO, tel. +358 40 849 1749

Georgina Heaume/Helen Gough at Liberty Communications
tel. +44 (0) 207 751 4444, tecnotree@libertycomms.com



About Tecnotree
Tecnotree is a global provider of a broad range of telecom IT solutions focused
on charging, billing, customer care, messaging and content services. Tecnotree
empowers communication service providers to create and monetize a broad
marketplace of digital services, and augment value across the customer
lifecycle. Acknowledged for agility and commitment, Tecnotree has more than 900
employees serving over 100 operators globally. Tecnotree is listed on the main
list of NASDAQ OMX Helsinki Ltd. with the trading code TEM1V. For more
information on Tecnotree visit www.tecnotree.com
News Source: NASDAQ OMX



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Language:     English
Company:      Tecnotree Oyj
              
               
              Finland
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ISIN:         FI0009010227
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