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Eastern European Markets

NEWS RELEASE
March, the 5th 2010

Tieto acquires T&T Telecom and strengthens position in the Russian Telecom market

Tieto has acquired T&T Telecom. Through the acquisition, Tieto continues its growth strategy and strengthens its telecom competence in Russia.

T&T Telecom, located in St. Petersburg and Moscow, is an IT and consultancy company specializing in services for telecom operators. The company's customer base includes Megafon, Vimpelcom, Svyazinvest, Delta Telecom, Comstar, Sinterra and Rostelecom.

"This acquisition supports our growth strategy in Russia. It strengthens our local competencies and broadens our customer base especially in the telecom industry. Tieto now serves its Russian customers with over 250 specialists. We also achieve a good platform for further growth in the telecom and media market in Russia", says Tuomo Summanen, Country manager, Tieto Russia and CIS.

Pekka Viljakainen, Executive Vice President and Head of Tieto International, says: "Tieto has strong knowledge assets as well as a proven track record from working with global telecom companies to increase their productivity and introducing new innovative services. When analyzing the Russian market during the past 12 months, we have been strongly encouraged by both Russian telecom companies as well as Russian Government to introduce a full set of infrastructure and services to the Russian market. The acquisition of T&T Telecom is one step in our plans to build a dedicated outsourcing and advisory team of a few thousands experts in Russia within coming years. We believe that the timing is excellent for this because companies are now able and willing to question old ways of working."

"We welcome Tieto as our new owner. Being part of Tieto gives us strength and competencies to serve our customers on a much broader base and expand our well-established services for the telecom industry as a part of an international network. Tieto offers very promising opportunities for our employees as well", says Yuri Pesnya, CEO, T&T Telecom.

Tieto's 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. Tieto's Telecom & Media currently employs more than 6 000 experts in 15 countries.

For more information about the press-release, please visit our press briefing site here: http://www.tietorussia.ru/pressbriefing/

For further information, please contact:
Tuomo Summanen, Country Manager, Tieto Russia, +70952584483Kirill Vronsky, Director Business Development, T&T Telecom, +7 812 777 7012Karina Gloukhareva, Head of Marketing and Communications, Tieto Russia, +79852885606Email: karina.gloukhareva@tieto.com

www.tieto.com


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