Comptel Corporation Stock exchange release, 21 February 2011 at 5.00 pm
The statutory co-operation negotiations concerning Comptel Finland have been concluded today. As a result of personnel impacts in Finland due to restructuring of the European and MEA business units, the company has decided to make 22 people redundant. In the beginning of the negotiations, the estimated number of reductions was 30 at the maximum.
Comptel will provide outplacement services for the redundant employees.
Due to the investments in the other markets the total Group headcount is not expected to decrease.
COMPTEL CORPORATION
Juhani Hintikka
President and CEO
Distribution:
NASDAQ OMX Helsinki
Major media
Comptel software enables telecom operators to deliver services flexibly and charge them effectively. Comptel's wide expertise in service fulfillment, mediation and charging empowers customers to focus on delivering innovative services. Comptel has provided 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