Comptel to acquire EDB Telecom Europe ops

September 19, 2005

Finland's Comptel is moving to acquire the European operations of EDB Telecom in a deal seen as enhancing Comptel's revenue stream.

An item from NewsRoom Finland Monday said Comptel, which produces telecom software, expects the cash deal will boost its 2005 net sales revenue 5 percent to 8 percent over last year with another revenue increase in 2006.

About 160 EDB employees will be affected by the sale and will be transferred to Comptel's payroll.

Copyright 2005 by United Press International

Related Stories

Recommended for you

Exploring the physics of a chocolate fountain

November 24, 2015

A mathematics student has worked out the secrets of how chocolate behaves in a chocolate fountain, answering the age-old question of why the falling 'curtain' of chocolate surprisingly pulls inwards rather than going straight ...


Please sign in to add a comment. Registration is free, and takes less than a minute. Read more

Click here to reset your password.
Sign in to get notified via email when new comments are made.