2009-02-09 13:11:19 CET

2009-02-09 13:12:20 CET


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Comptel - Company Announcement

COMPTEL CONCLUDES PERSONNEL NEGOTIATIONS


COMPTEL CORPORATION STOCK EXCHANGE RELEASE 9 FEBRUARY 2009 AT 2.10 PM


COMPTEL CONCLUDES PERSONNEL NEGOTIATIONS

The personnel negotiations concerning Comptel Finland have been concluded. As a
result of these negotiations the company has decided to make 45 people
redundant on financial and production grounds. In the beginning of the
negotiations, the estimated number of reductions was 50 at the maximum. 

Comptel Corporation's subsidiaries in Norway and United Kingdom have also taken
actions for downsizing the amount of personnel under the local legal
requirements and collective agreements, as earlier indicated. The annual cost
reduction need is EUR 2.3 million in Norway and EUR 0.9 million in the United
Kingdom. 

With these measures the Group will reach annual cost savings of approximately
EUR 7 million. For 2009 the company estimates cost savings of approximately EUR
2 million after one-off items. 

By reducing personnel costs Comptel aims to ensure the Group's long-term
profitability and competitiveness. 

COMPTEL CORPORATION
Sami Erviö
President and CEO

Further information:
Sami Erviö, President and CEO, tel. +358 9 700 1135 

Distribution:
NASDAQ OMX Helsinki
Major media



Comptel provides Dynamic OSS solutions, enabling telecom service providers to
deliver services flexibly and charge them effectively. Comptel's expertise in
inventory, provisioning and activation, mediation and charging empowers service
providers to focus on delivering the innovative services. Comptel has provided
solutions to 280 customers with 500 million subscribers in 85 countries. Net
sales were EUR 82.4 million in 2007. Comptel was established in 1986 and has
recently acquired an UK-based IP fulfillment specialist Axiom Systems.
Following the acquisition the Group has about 630 employees in 18 countries.
www.comptel.com