Nokia is set to acquire Comptel for €347 million as it bids to boost its software offering.

Nokia has made an offer of €3.04 per share in cash, which represents a premium of 22.8 percent on Comptel’s stock price on 8 February.

Comptel, which has around 300 customers in 90 countries, booked revenues of €98 million in 2015.

Its board is recommending the deal to shareholders, while major shareholders including Elisa have accepted Nokia’s terms.

Nokia said the acquisition would not have a material effect on the operations and business locations of, or the number of jobs at, Comptel.

Comptel, which like Nokia is based in Finland, offers solutions including catalogue-driven fulfilment and digital service lifecycle management, complex event processing, as well as applications for customer engagement and service monetisation.

Nokia announced plans to strengthen its software offering as part of a new growth strategy last November.

It said Comptel would bolster its go-to-market efforts and improve its automation offering.

Bhaskar Gorti, President of Nokia's Applications & Analytics business, said: “The timing of the Comptel purchase is important as our customers are changing the way they build and operate their networks. 

“They are turning to software to provide more intelligence, automate more of their operations, and realise the efficiency gains that virtualisation promises.

“We want to help them by offering one of the industry's broadest and most advanced portfolios.”

Earlier this month, Nokia CEO Rajeev Suri said the ability to provide an end-to-end product portfolio would help to improve its financial performance – like-for-like sales fell 13 percent in 2016.

Juhani Hintikka, President and CEO of Comptel, said: “Together with Nokia we would create an agile and innovative player which can challenge current market leaders head-to-head.”

Meanwhile, Nokia signed a distributor agreement with Energia Communications to sell its G.fast technology in Japan.

The two companies began trials in 2015 before launching the first commercial G.Fast service in Japan last year.


Nokia is set to acquire Comptel for €347 million as it bids to boost its software offering.

Nokia has made an offer of €3.04 per share in cash, which represents a premium of 22.8 percent on Comptel’s stock price on 8 February.

Comptel, which has around 300 customers in 90 countries, booked revenues of €98 million in 2015.

Its board is recommending the deal to shareholders, while major shareholders including Elisa have accepted Nokia’s terms.

Nokia said the acquisition would not have a material effect on the operations and business locations of, or the number of jobs at, Comptel.

Comptel, which like Nokia is based in Finland, offers solutions including catalogue-driven fulfilment and digital service lifecycle management, complex event processing, as well as applications for customer engagement and service monetisation.

Nokia announced plans to strengthen its software offering as part of a new growth strategy last November.

http://eurocomms.com/industry-news/11952-nokia-looks-to-outrun-industry-growth-and-reassert-buoyancy

It said Comptel would bolster its go-to-market efforts and improve its automation offering.

Bhaskar Gorti, President of Nokia's Applications & Analytics business, said: “The timing of the Comptel purchase is important as our customers are changing the way they build and operate their networks. 

“They are turning to software to provide more intelligence, automate more of their operations, and realise the efficiency gains that virtualisation promises.

“We want to help them by offering one of the industry's broadest and most advanced portfolios.”

Earlier this month, Nokia CEO Rajeev Suri said the ability to provide an end-to-end product portfolio would help to improve its financial performance – like-for-like sales fell 13 percent in 2016.

http://eurocomms.com/industry-news/12092-nokia-ceo-hopeful-complete-portfolio-will-improve-fortunes-in-2017

Juhani Hintikka, President and CEO of Comptel, said: “Together with Nokia we would create an agile and innovative player which can challenge current market leaders head-to-head.”

Meanwhile, Nokia signed a distributor agreement with Energia Communications to sell its G.fast technology in Japan.

The two companies began trials in 2015 before launching the first commercial G.Fast service in Japan last year.

http://eurocomms.com/industry-news/11353-nokia-to-bring-g-fast-to-japan-this-year

More News

Iliad enters content game in France, finally launches Italian mobile business Iliad enters content game in France, finally launches Italian mobile business Iliad has acquired football rights in France and launched its opco in Italy as it looks to reboot after a disappointing set of financial results. More detail
Three UK appoints new CCO, CFO Three UK appoints new CCO, CFO The departure of Three UK's Chief Commercial Officer after just 18 months in the job has triggered a shake-up of the mobile operator's top team. More detail
TalkTalk to sell enterprise customer base to Daisy as it registers full-year loss TalkTalk to sell enterprise customer base to Daisy as it registers full-year loss TalkTalk has agreed to sell 80,000 business customers to rival Daisy Group in a £175 million deal. More detail
A1 Telekom Austria Group rebrand reaches Bulgaria A1 Telekom Austria Group rebrand reaches Bulgaria Bulgaria is the third A1 Telekom Austria Group opco to get rebranded as the telco looks to market itself as a provider of "advanced" IT, IoT, cloud and content services. More detail
Orange Business Services puts IoT to use on saving ships’ fuel costs Orange Business Services puts IoT to use on saving ships’ fuel costs Orange Business Services has expanded its work with Dobroflot by developing a customised IoT solution for the Russian fishing company. More detail
    

 

European Communications is now
Mobile Europe and European Communications

  

From June 2018, European Communications magazine 
has merged with its sister title Mobile Europe, into 
Mobile Europe and European Communications.

No more new content is being published on this site - 

for the latest news and features, please go to:
www.mobileeurope.co.uk 

 

@eurocomms