2011-03-21 09:00:34 CET

2011-03-21 09:01:59 CET


REGULATED INFORMATION

Finnish English
Comptel - Company Announcement

Comptel renews its organisation and the Executive Board



Comptel Corporation                 Stock exchange release, 21 March 2011 at
10.00 am 

Comptel renews its organisation and the Executive Board

In order to execute its growth strategy, Comptel Corporation will adjust its
operating structure as of 1 April 2011. 

The current business area Europe will be divided into two regions: Europe West
and Europe East. This move allows Comptel to focus its efforts on new growth
areas especially in Russia and Eurasia, while maintaining actively its large
customer accounts in Western Europe. 

Mr Timo Koistinen, SVP for region Europe, is appointed as Senior Vice President
for the region Europe East. 

Mr Mauro Carobene is appointed as Senior Vice President for the region Europe
West as of 28 April 2011 and he will be based in Milan. Mr Carobene will join
Comptel from Nokia Siemens Networks where he most recently has been responsible
for OSS Consulting and Systems Integration business globally. 

The new business segment division will take effect as of 1 July 2011, before
which a detailed execution will be planned. 

As of 1 July 2011, Comptel Group will have the following five reportable
business segments: Europe West, Europe East, Asia-Pacific, Middle East and
Africa, Americas. 

Comptel will establish a new unit called Global Services to develop services
business and manage service products. Global Services will also be responsible
for consulting and IT architecture and for the global delivery operations as
well as support and maintenance. The new unit will provide a global platform
for centralised operations while the operational responsibility will remain in
the business areas. 

Further, a new unit for Corporate Development will be formed by combining
Strategic Planning, Legal, Investor Relations and Communications, Strategic
Marketing, and IT. 

Mr Simo Sääskilahti, SVP of Products and Solutions, is appointed as Senior Vice
President of Corporate Development. CEO Juhani Hintikka will be the acting Head
of Products and Solutions for the time being. 

”Comptel is investing for growth. With the renewed operating structure, we are
strengthening our presence in the growth markets and focusing major efforts on
developing services business”, says Mr Juhani Hintikka, President and CEO of
Comptel. 

Following the changes in the operating structure, the members of Comptel
Executive Board are CEO Juhani Hintikka, the business area leaders Mr Mauro
Carobene (Europe West), Mr Timo Koistinen (Europe East), Mr Mika Korpinen
(Asia-Pacific), Mr Youssef Kermoury (Middle East and Africa) and Mr Diego
Becker (Latin America and Caribbean), Mr Gareth Senior (CTO), Mr Mikko Hytönen
(CFO), Ms Niina Pesonen responsible for HR, and Mr Simo Sääskilahti responsible
for Corporate Development and Deputy CEO. The respective Heads of Products and
Solutions, Global Services, and Alliances will also be members in the Executive
Board once these positions are filled. Mr Brad Niven is the acting Head of
Alliances and partnerships. 

COMPTEL CORPORATION

Juhani Hintikka
President and CEO

For further information, please contact:
Mr Juhani Hintikka, tel. +358 9 700 1131

Distribution:
NASDAQ OMX Helsinki
Major media

Comptel Dynamic OSS solutions enable telecom service providers to deliver
services flexibly and charge them effectively. Comptel's wide expertise in
service fulfillment, policy control, mediation and charging empowers our
customers to focus on delivering innovative services. Comptel has provided
software solutions to 280 service providers with 800 million subscribers in 85
countries. The Group has about 600 employees worldwide, and net sales were EUR
78 million in 2010. www.comptel.com