Tecnotree signs a USD 14.6 million expansion contract in Latin America

Tecnotree Corporation
Stock Exchange Release
6 September, 2012 at 8.30 am (EEST)

Espoo, Finland – Telecom IT solutions provider Tecnotree today announced that it has been awarded a USD 14.6 million contract with an operator group in Latin America.

The contract covers functional, subscriber and traffic expansions to previously deployed Tecnotree systems across several countries in Latin America. The expanded solutions are related to Prepaid Charging, Voucher Management, Voice Mail Systems and VPN and Interactive Voice Response Solutions. Deliveries will start immediately and span across the next several months.

Oscar Fernandez, Vice President, Latin America of Tecnotree, comments: “Latin America is a growth market and Tecnotree is delighted to be a part of that success working in close collaboration with a major operator group. As subscriber numbers and usage of services are both rapidly increasing, we scale our business in line with the growth expectations of the market.”



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

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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 1000 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

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