Restructuring plan
of its human resources

“SO.T.E.TEL" informs the public and its shareholders that its human resources restructuring plan, which was authorized by its Board of Directors convened on January 19, 2016, has just been completed with the signing of an agreement with the syndicate of the company and approved by the General Directorate of Labor Inspection and Conciliation on March 31, 2016. This agreement results in the departure of approximately 25% of its workforce.