Comptel Corporation wins contract in India

Nordic Business Report, August 18, 2008

NORDIC BUSINESS REPORT-18 August 2008-Comptel Corporation wins contract in India(C)1994-2008 M2 COMMUNICATIONS LTD http://www.m2.com

Finnish mediation software solutions company Comptel Corporation (OMX Helsinki: CTL1V) said on Monday (18 August) that it has signed an agreement to deliver and maintain AXIOSS suite for the broadband services of a leading telecomms operator in India.

The total value of the agreement is USD4.0m, the company said.

"This is a major broadband service fulfillment delivery for us, following our recent acquisition of Axiom Systems. The deal further strengthens our established position in the fast growing Indian telecom market," said Sami Ervio, CEO of Comptel.

Comptel provides Comptel Dynamic OSSTM solutions, enabling telecomms service providers to deliver services flexibly and charge for them effectively. Comptel has around 550 employees worldwide. In 2007 net sales were EUR82.4m and operating profit reached 20% of net sales.

One British pound (GBP) is worth approximately 1.86 US dollars (USD). One British pound (GBP) is worth approximately 1.26 euros (EUR).

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