Nokia completes acquisition of Comptel
29 June, 2017
Espoo, Finland - Nokia today announced the successful completion of its acquisition of Comptel Corporation, a Finland-based telecommunications software company. The acquisition was announced February 9, 2017.
The acquisition advances Nokia's strategy to build a standalone software business at scale by expanding and strengthening its software portfolio and go-to-market capabilities. Comptel bolsters Nokia's software portfolio by adding capabilities that help digital service providers bring new communications services to market faster, master the orchestration of services and order flows, capture data-in-motion and refine decision-making.
When combined with Nokia's Operations Support Systems (OSS), Business Support Systems (BSS), analytics, security and cloud technology, Nokia will be able to offer the software intelligence and real-time network information to deliver better digital experiences and operations in a cloud environment.
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FORWARD-LOOKING STATEMENTS
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Factors, including risks and uncertainties that could cause these differences include, but are not limited to: 1) our ability to execute our strategy, sustain or improve the operational and financial performance of our business and correctly identify and successfully pursue business opportunities or growth; 2) our ability to achieve the anticipated benefits, synergies, cost savings and efficiencies of the acquisition of Alcatel Lucent, and our ability to implement our organizational and operational structure efficiently; 3) general economic and market conditions and other developments in the economies where we operate; 4) competition and our ability to effectively and profitably compete and invest in new competitive high-quality products, services, upgrades and technologies and bring them to market in a timely manner; 5) our dependence on the development of the industries in which we operate, including the cyclicality and variability of the information technology and telecommunications industries; 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Other unknown or unpredictable factors or underlying assumptions subsequently proven to be incorrect could cause actual results to differ materially from those in the forward-looking statements. We do not undertake any obligation to publicly update or revise forward-looking statements, whether as a result of new information, future events or otherwise, except to the extent legally required.