Nokia eyes Comptel
February 9, 2017
Nokia has announced its intention to acquire Comptel to advance its software strategy and provide service providers with a comprehensive solution to design, deliver, orchestrate and assure communications and digital services across physical, virtual and hybrid networks.
Nokia and Comptel have entered into a Transaction Agreement under which Nokia, through its wholly owned indirect subsidiary Nokia Solutions and Networks Oy, undertakes to make a voluntary public cash tender offer to purchase all of the issued and outstanding shares and option rights in Comptel that are not owned by Comptel or any of its subsidiaries. The Tender Offer values Comptel at approximately €347 million, on a fully diluted basis.
“Nokia is committed to building its software business and is backing its commitment with strategic investments. The timing of the Comptel purchase is important as our customers are changing the way they build and operate their networks. They are turning to software to provide more intelligence, automate more of their operations, and realise the efficiency gains that virtualisation promises. We want to help them by offering one of the industry’s broadest and most advanced portfolios. Comptel helps us do that,” says Bhaskar Gorti, president of Nokia’s Applications & Analytics business group.