Comptel

The Finnish Comptel was founded in 1986, its main profile was the production of software tools for creating dynamic Operations Support System software OSS -. This is what ON carriers use to interact with customers. With it, you can maintain individual accounts, monitor the consumption of services, regulate billing and bill subscribers. OSS was thought to provide higher-end services than traditional billing.

History

2017: Nokia buys Comptel for €347m

On February 9, 2017, Finnish telecommunications equipment manufacturer Nokia announced the acquisition of Comptel for 347 million euros in order to strengthen its software business.

Under the terms of the agreement, Comptel shareholders will receive 3.04 euros for each security they own, which is almost 30% more than the company's quotes by the closing of the Helsinki exchange on February 8, 2017. After the announcement of the deal, Comptel shares rose 31%, and Nokia shares added 1.5% in price.

Nokia headquarters in Finland

Nowadays, operators are trying to move from working with traditional communication companies to digital service providers, "comments Bhaskar Gorti, head of Nokia Applications & Analytics. - Nokia and Comptel strongly believe that together they will help their customers with their transformations.

The Comptel purchase will add new solutions to Nokia's software portfolio to help operators collect and analyze data in their telecommunications networks. The deal was part of a plan announced in 2015 for Nokia to form a standalone software business that focused on enterprise solutions and platforms for the Internet of Things. Like competitors, Nokia seeks to make this business profitable, Bloomberg reports.

UBS analyst Gareth Jenkins called the purchase of Comptel "interesting" and noted that Nokia has already acquired promising assets in the past. Expanding the business in new areas is fundamental for the company, the specialist believes.

According to analysts at the Finnish company FIM, it is likely that someone will want to outbid Nokia's offer, since it involves a small surcharge for the acquisition of Comptel. Shareholders may not approve the deal with Nokia on current terms, experts say.

At the same time, the board of directors and shareholders, which account for 48% of Comptel's securities, have already accepted Nokia's offer.

2011: Cisco Sales of Operating Support System Development for IT Companies for $31 Million

Comptel sold part of its business to Cisco, a division of Axiom Systems that deals with an operational support system for IT companies. The transaction amount amounted to $31 million.

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