Tecnotree Oyj - Company Announcement

Tecnotree starts a cost savings plan

Tecnotree Corporation
Stock Exchange Release
9 August 2016 at 08.30 a.m. EEST

Tecnotree has decided to start a cost savings plan covering the entire Group to
be implemented by the end of the third quarter. In connection with this,
Tecnotree has the target to reduce personnel costs by 5.0 million euros on an
annual level, representing 100 man years. A part of the savings will be
implemented in 2016 when one-time costs of approximately 1.9 million euros are
estimated to happen. The savings will have a full impact in 2017. 

TECNOTREE CORPORATION


FURTHER INFORMATION
Padma Ravichander, CEO
tel. +91 97 4151 3429

DISTRIBUTION
NASDAQ Helsinki
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 monetise service bundles,
provide personalised user experiences and augment value throughout the customer
lifecycle. With around 900 telecom experts, Tecnotree serves around 90 service
providers in around 70 countries. Tecnotree is listed on the main list of
NASDAQ Helsinki with the trading code TEM1V. For more information on Tecnotree,
please visit www.tecnotree.com.