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Finnish Tieto Acquires T&T Telecom (Telecom Design)

Files under: Enterprise, News
Posted by: Quintura @ 03:55 [2. 03. 10]

Leading IT service company in Northern Europe, Tieto has acquired Russian telecom consulting and system integration company T&T Telecom (formerly, Telecom Design) from its founder and CEO, Yuri Pesnya. Tieto first partnered with Telecom Design in March 2008. Tieto paid $10 million for 100% stake in T&T Telecom valuing its at 5 x EBITDA, according [...]