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

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