Tecnotree Oyj - Company Announcement

Tecnotree completes co-operation negotiations in Finland

Tecnotree Corporation
Stock Exchange Release
28th October 2014 at 10 am

The co-operation negotiations started on the 8th October have been completed.
The negotiations concerned the whole personnel in Finland but the planned
measures mainly focused on the Value Added Services business unit. 

The staff reduction will be in total 12 employees of which 8 via lay-offs and 4
via other voluntary measures. These measures will lead to over one million
Euros cost savings per annum. The related savings will in major part be
effective as of the beginning of the year 2015. 

TECNOTREE CORPORATION

Ilkka Raiskinen
CEO


DISTRIBUTION
NASDAQ OMX Helsinki Ltd
Main Media
www.tecnotree.com

About Tecnotree
Tecnotree is a global provider of telecom IT solutions for the management of
products, customers and revenue. Tecnotree helps communications service
providers to transform their business towards a marketplace of digital
services. Tecnotree empowers service providers to monetize on service bundles,
provide personalized user experiences and augment value throughout the customer
lifecycle. With over 1000 telecom experts, Tecnotree serves more than 100
service providers in over 70 countries. Tecnotree is listed on the main list of
NASDAQ OMX Helsinki with the trading code TEM1V. For more information on
Tecnotree, please visit www.tecnotree.com