Nokia to acquire Comptel Corporation to advance its software strategy
Posted on:10 Feb 2017 18:08:27
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10 February 2017 Current Affairs: Nokia Corporation 9 February 2017 announced to acquire Comptel Corporation to advance its software strategy. The acquisition will also provide service providers with a comprehensive solution to design, deliver, orchestrate and assure communications and digital services across all the networks.
Earlier on 8 February 2017, Nokia and Comptel entered into a Transaction Agreement under which Nokia, through its wholly owned subsidiary Nokia Solutions and Networks Oy, undertook voluntary public cash tender offer to purchase all of the issued and outstanding shares of Comptel.
Highlights of the acquisition : The price offered for each share in the Tender Offer was EUR 3.04 in cash.
The Tender Offer valued Comptel at approximately EUR 347 million on a fully diluted basis.
When Comptel will be combined with Nokia's OSS, BSS, analytics and cloud technology, customers will be provided with end-to-end orchestration of complex Network Function Virtualisation (NFV) and Software Defined Networking (SDN) deployments.
It will also allow Nokia to build a standalone software business by expanding and strengthening its software portfolio with additional sales capacity and a strategic partner network.
Comptel will bolster Nokia's software portfolio by adding critical solutions for catalogue-driven service orchestration and fulfilment, customer engagement, intelligent data processing and agile service monetisation.
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