Inside Information: Investment by a Consortium of Investors to Assume Obligations Originally Held by Markku Wilenius

Tecnotree Corporation Inside Information 27 October 2023 at 9:01 EEST

Tecnotree is pleased to announce that it has received legally binding interest from a consortium of shareholders consisting of the Royal Front Investments Group and Luminos Sun Holdings, led by Fitzroy Investments Limited (“Consortium”) for EUR 20,000,000.

Markku Wilenius has confirmed his intention to transfer his unpaid subscriptions rights for his 200 notes to the Consortium to enable proposed transaction.

The parties will now work together over the next 15 days to conclude definitive agreements.

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

About Tecnotree
Tecnotree is a 5G-ready digital Business Support System (BSS) player with AI/ML capabilities and multi-cloud extensibility. It has over 40 years of deep domain expertise and it is amongst the first few companies to attain Platinum Badge in the world for Open API standards by TM Forum. It’s agile and open-source Digital BSS Stack comprises of the full range (order-to-cash) of business processes and subscription management for telecommunication players and other digital services providers, creating opportunities beyond connectivity. Tecnotree also provides a Fintech solution and a B2B2X multi-experience digital marketplace to its subscriber base through the Tecnotree Moments platform to empower digitally connected communities across gaming, heath, education, OTT and other vertical ecosystems. Tecnotree is listed on Nasdaq Helsinki (TEM1V). For more information, please visit www.tecnotree.com.