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Tecnotree Oyj (TEM1V.HE)

TEM1V.HE on Helsinki Stock Exchange

25 Oct 2016
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BRIEF-Tecnotree reduces personnel by 37 employees

* Personnel reduction in Finland will be in total 37 employees of which 23 via lay-offs and 14 via other voluntary measures

BRIEF-Tecnotree selected by South East African operator

* Says has been selected by South East African operator, to deliver a full BSS Transformation project

BRIEF-Tecnotree to start personnel negotiations in Finland

* Co-operation negotiations in Finland regarding reduction of maximum 40 positions

BRIEF-Tecnotree: Restructuring program proposal of administrator

* If draft restructuring programme is approved, group will record a one-off positive income effect of about 6.7 million euros ($7.49 million)

BRIEF-Tecnotree appoints Kirsti Parvi new CFO

* Appoints Kirsti Parvi new Chief Financial Officer as of Oct. 1

BRIEF-Tecnotree delivers solution to customer in Afghanistan

* Deploys Convergent Billing Solution and Customer Relationship Management Platform for telecommunications operator in Afghanistan Source text for Eikon: Further company coverage: (Gdynia Newsroom)

BRIEF-Tecnotree Q2 adjusted oper profit down at 1.0 mln euros

* Q2 adjusted operating profit 1.0 million euros ($1.11 million) versus 1.5 million euros year ago

BRIEF-Tecnotree starts a cost savings plan

* Target is to reduce personnel costs by 5.0 million euros ($5.5 million) on an annual level, representing 100 man years

BRIEF-Tecnotree selected by Nepal Telecom to deploy convergent mediation and interconnect system

* Selected by Nepal Telecom to deploy convergent mediation and interconnect system

BRIEF-Tecnotree signs deal with EMTEL Mauritius, part of Airtel Group

* It has been selected by mobile network operator EMTEL Mauritius (part of Airtel group), to expand its call completion and MDX platform

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