Tecnotree Corporation Stock Exchange Release 26 May 2025 at 13:00 EEST
Tecnotree Corporation ("Tecnotree") has signed a final agreement with one of
South Africa's leading telecommunications operators for a comprehensive digital
BSS transformation project. This marks a new phase in a long-standing
partnership, building on several successful projects delivered by Tecnotree over
recent years across the region.
The value of the agreement is approximately EUR 39.6 million over seven years,
which consists of software licenses, maintenance and implementation of
Tecnotree's full digital BSS stack empowered with AI capabilities across
customer and revenue management, as well as business enablement domains.
This agreement represents a strategic continuation by the company towards
reducing its exposure to frontier markets.
We expect to recognize the first revenue from this contract in the second
quarter of 2025.
Tecnotree maintains its current guidance.
Further information
Indiresh Vivekananda. CFO. tel. +971 56 410 8357
About Tecnotree:
Tecnotree is a global provider of AIML and digital solutions for the management
of services, products, customers and revenue for Communications Service
Providers. Tecnotree helps customers to monetise and transform their business
towards a marketplace of digital services. Together with its customers,
Tecnotree empowers people to self-serve, engage and take control of their own
digital life.
Tecnotree is listed on Nasdaq Helsinki (TEM1V). For more information, please
visit
www.tecnotree.com (https://eur03.safelinks.protection.outlook.com/?url=http%3A%2F
%2Fwww.tecnotree.com%2F&data=05%7C02%7CThomas.Koponen%40tecnotree.com%7C5e80c22d7
7974d477bf808dd4ab3ab62%7C176a79e7ee0947d9b51fcadf37972564%7C0%7C0%7C638748857732
994597%7CUnknown%7CTWFpbGZsb3d8eyJFbXB0eU1hcGkiOnRydWUsIlYiOiIwLjAuMDAwMCIsIlAiOi
JXaW4zMiIsIkFOIjoiTWFpbCIsIldUIjoyfQ%3D%3D%7C0%7C%7C%7C&sdata=nrNssIQVKU%2FzZKup%
2B7gM9fybxuCs7tbVHP2Ks8J1I%2BQ%3D&reserved=0).