Comptel Communications AS, a fully owned subsidiary of Comptel Corporation, and Telenor Norway have concluded a contract, according to which the maintenance of Telenor Norway's customer specific IT systems will be removed from Comptel. As part of the arrangement, 16 employees will be transferred from Comptel to Telenor, and Comptel will close its offices in Bergen, Bodö and Lillehammer. The agreement is part of Telenor Norway's wider arrangement to concentrate the maintenance of its information systems for two global system integrators. The maintenance of customer specific IT solutions is not Comptel's core business which is focused on providing OSS (Operations Support System) products. At the same time, Comptel Corporation and Telenor Norway have concluded a five year long agreement on the maintenance and license upgrades of Comptel's major OSS products (Network Inventory, Provisioning and Activation, Convergent Mediation) for Telenor Norway. This agreement will strengthen Comptel's role as the strategic OSS partner of Telenor Norway. The Telenor arrangement will not have a significant impact on Comptel's net sales this year. In 2011, the arrangement will decrease Comptel's net sales by approximately EUR 3 million. Its impact on Comptel's operating result will be slightly positive in 2010 and slightly negative in 2011. COMPTEL CORPORATION Sami Erviö President and CEO For further information, please contact: Mr. Sami Erviö, tel. +358 9 700 1131 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 75 million in 2009. www.comptel.com
Comptel and Telenor Norway have agreed on an arrangement concerning customer specific IT solutions and OSS products
| Source: Comptel