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2007-04-18 11:00:43 CEST 2007-04-18 11:00:43 CEST REGULATED INFORMATION TietoEnator Oyj - Company AnnouncementTietoEnator signs major telecom agreement with Siemens IT Solutions and Services in ItalyTietoEnator Corporation Stock Exchange Release 18 April 2007, 12.00 Am EET TietoEnator has signed a major agreement with Siemens IT Solutions and Services regarding the streamlining of business critical and customer-related processes and services for mobile telephony (Mobile Business Support Systems Application Operation services). This is the extension of an agreement TietoEnator signed with Siemens in July 2006. The value of the contract is estimated to MEUR 40 and the contract period of the new agreement is three years. The agreement strengthens TietoEnator's presence in Italy and its position as a leading supplier of services to the telecom industry. Ari Vanhanen, Head of TietoEnator Telecom & Media, said: "This is a strategic breakthrough for us on a relatively new market. An agreement of this magnitude strengthens our European presence and gives us a stronghold in Italy. Our cooperation with Siemens is very important to us and together we will be able to add significant value in the customer's business critical processes". TietoEnator will be responsible for maintenance of core processes for mobile telephony. The common goal is to reduce the cost of operation and support, and at the same time fulfil customer demands for qualified services. Cost-reduction is achieved partly by streamlining the core processes, and partly by coordinating a large number of sub-suppliers on Siemens behalf. TietoEnator's business area Telecom & Media has a broad service portfolio that covers R&D services, consulting, IT system development and integration for the telecom and media industry. The company operates in close partnership with its global customers, assisting them in the development of their products and business processes. TietoEnator's Telecom & Media business area employs over 5,300 experts in 15 countries. For further information, please contact: Ari Vanhanen, President, TietoEnator Telecom & Media, +49 171 423 24 36 Enrico Alloro, Director, TietoEnator Italia, +39 062 32 51 60 TIETOENATOR CORPORATION DISTRIBUTION Helsinki Stock Exchange Stockholmsbörsen Principal Media Siemens IT Solutions and Services is an internationally leading provider of IT solutions and services. It covers the entire IT service chain from a single source, from consulting to system integration, right through to the management of IT infrastructures. In addition, Siemens IT Solutions and Services extends the range of offerings of the other Siemens Groups to include software developments and IT solutions. With its comprehensive know-how and industry-specific knowledge, Siemens IT Solutions and Services provides measurable added value for its customers. Founded in January 2007, the new Siemens Group employs around 43,000 people and posts annual sales of about 5 billion euros, of which some 60 percent are generated outside of the Siemens group. More information at http://www.siemens.com/it-solutions TietoEnator is among the leading architects in building a more efficient information society and one of the largest IT services providers in Europe. TietoEnator specializes in consulting, developing and hosting its customers' business operations in the digital economy. The Group's services are based on a combination of deep industry-specific expertise and the latest information technology. TietoEnator has about 16 000 experts in close to 30 countries. www.tietoenator.com |
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