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2012-08-07 10:00:58 CEST 2012-08-07 10:02:00 CEST REGULATED INFORMATION Comptel - Company AnnouncementComptel continues earlier announced cost savings activities and starts statutory cooperation negotiations in Finland and United KingdomComptel 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 |
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