Comptel Corporation Stock Exchange Release, 22 December 2011 at 16.30 pm
Cisco Systems Inc. has filed a request for arbitration against Comptel Corporation and its wholly owned subsidiary Comptel Communications Ltd in the London Court of International Arbitration concerning Comptel’s use of a certain sub-set of Axioss software that was sold to Cisco and subsequently licensed back to Comptel for use in the current release of Comptel Fulfillment.
At this stage of the dispute, Comptel is yet to receive Cisco’s final submission of claims. Once the claims are detailed by claimant, Comptel will provide further information, as necessary.
Comptel regards Cisco’s claims entirely against the recent agreements concluded by Comptel and Cisco for the sale of Axioss software to Cisco.
Comptel will vigorously defend its position and protect the interests of its customers and partners.
COMPTEL CORPORATION
Juhani Hintikka
President and CEO
Further information:
Sami Ahonen, SVP Legal & M&A, tel. +358 550 4090
Distribution:
NASDAQ OMX Helsinki
Major media
Comptel Dynamic OSS solutions enable telecom service providers to deliver services flexibly and charge them effectively. Comptel's wide expertise in service fulfillment, policy control, mediation and charging empowers our customers to focus on delivering innovative services. Comptel has provided software solutions to over 280 service providers with over one billion subscribers in 85 countries. The Group has about 600 employees worldwide, and net sales were EUR 78 million in 2010. www.comptel.com