Comptel - Company Announcement

Comptel continues earlier announced cost savings activities and starts statutory cooperation negotiations in Finland and United Kingdom

Comptel Corporation                     Stock Exchange Release, 8 August 2012
at 11:00 am 

Comptel continues earlier announced cost savings activities and starts
statutory cooperation negotiations in Finland and United Kingdom 

Comptel continues the actions to strengthen its profitability and
competiveness. Comptel has today convened a meeting for statutory cooperation
negotiations to address the potential personnel impacts in Finland and United
Kingdom. It is estimated that the reduction need is approximately 30 persons.
Comptel will continue to invest in its strategic areas and R&D functions will
not be impacted. The negotiation process is expected to be completed in
September 2012. 

This target is a part of the cost savings of approximately EUR 10 million which
Comptel Corporation aims to achieve on annual level, as announced on the 15th
of June 2012. 

 ”Our intention is to grow market share in mediation, analytics and fulfillment
solutions as defined in our strategy. These measures will bring us the
sustainable financial foundation to further develop our competitiveness and to
execute our strategy”, says Mr Juhani Hintikka, President and CEO of Comptel. 



COMPTEL CORPORATION

Juhani Hintikka
President and CEO



Further information: Mr Juhani Hintikka, President and CEO, tel. +358 9 700 1131



Distribution:
NASDAQ OMX Helsinki
Major Media



Since 1986, Comptel has helped more than 280 service providers across 85
countries meet over one billion subscribers' communications and infotainment
needs. Comptel's solutions are built on an event-analysis-action strategic
framework that leverages the company's strengths in event data processing and
advanced predictive analytics to enable real-time action. Comptel's service
fulfillment, mediation, charging and policy control, and predictive social
analytics products with implementation and professional services enable service
providers to enhance customer engagement and, in turn, create revenue, reduce
costs and lessen churn. Comptel has a global team of nearly 700 professionals,
and net sales were EUR 77 million in 2011. For more information, visit
www.comptel.com