Further clarification related to the marketing release published on January 21, 2025: Tecnotree Secures Multi-Million Dollar Win with Tier-1 US Telecom Operator

Tecnotree Corporation Stock Exchange Release  23 January 2025 at 12:10 EET

Related to marketing release published on January 21, Tecnotree wants to clarify the composition of the contract and its impact.

Tecnotree Corporation (“Tecnotree”) has entered into a new agreement with a Tier 1 operator in the United States through an existing system integrator partner announced in June 2024. The contract is valued below 10% of previous year’s revenue. However, it is significant in terms of the globalization of Tecnotree’s products and services. The contract includes the delivery of Tecnotree’s various Digital Business Support Systems (BSS) products.

Tecnotree maintains its current guidance.

Tecnotree will publish its Q4 2024 and full-year 2024 financial results on February 26, 2025.

Further information
Indiresh Vivekananda. CFO. tel. +971 56 410 8357

About Tecnotree: 
Tecnotree is a global provider of IT solutions for the management of services, products, customers and revenue for Communications Service Providers. Tecnotree helps customers to monetise and transform their business towards a marketplace of digital services. Together with its customers, Tecnotree empowers people to self-serve, engage and take control of their own digital life. 

Tecnotree is listed on Nasdaq Helsinki (TEM1V). For more information, please visit www.tecnotree.com.