Comptel Corporation Stock Exchange Release, 15 April 2016 at 10.30 AM EET
Comptel has received a favourable ruling in Delhi judicial court regarding withholding tax for Indian tax years 2007-2008 and 2008-2009. Based on this ruling Comptel’s preliminary estimate is that India tax authorities should return approximately 1.8M EUR in withholding tax and interest.
Comptel will include the tax ruling impact in its financials once the refund procedure has been specified.
Comptel has still pending appeals for subsequent fiscal years. This ruling removes double taxation for Comptel in India.
For further information, please contact
Juhani Hintikka, President and CEO, tel. +358 9 7001131
Distribution:
NASDAQ OMX Helsinki
Major Media
www.comptel.com
Life is digital moments. Comptel perfects these by transforming how you serve, meet and respond to the needs of "Generation Cloud" customers. Our solutions allow you to innovate rich communications services instantly, master the orchestration of service and order flows, capture data-in-motion and refine it for your decision-making and actions. We connect digital demand and supply and apply intelligence to reduce complexity and friction in your business.
Comptel has enabled the delivery of digital and communications services to more than 2 billion people. Every day, we care for more than 20% of all mobile usage data. Nearly 300 service providers across 90 countries have trusted us to perfect customers' digital moments and translate them to business moments. For more information, visit www.comptel.com.