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2013-04-19 09:30:00 CEST 2013-04-19 09:30:03 CEST REGULATED INFORMATION Comptel - Company AnnouncementA decision by Ministry of Finance on application of Comptel’s withholding tax reliefComptel Corporation Stock Exchange Release, 19 April 2013 at 10.30 am Comptel Corporation had filed an application for tax relief with the Ministry of Finance in Finland pertaining to the withholding taxes paid in Indonesia, India, Greece and Thailand for the years from 2004 to 2011. The income received from the countries mentioned has been under double-taxation. The non-credited withholding taxes amount to approximately EUR 6.9 million in Finland. Ministry of Finance has rejected the application for tax relief and the decision cannot be appealed against. Comptel continues to take measures to avoid double taxation going forward. The decision does not impact the historical financials reported by the company or net sales and earnings per share in 2013. COMPTEL CORPORATION Juhani Hintikka President and CEO For further information, please contact: Mikko Hytönen, CFO, tel. +358 40 758 5801 Distribution: NASDAQ OMX Helsinki Major media www.comptel.com Since 1986, Comptel has helped more than 290 service providers across 86 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 679 professionals, and net sales were EUR 82 million in 2012. For more information, visit www.comptel.com |
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