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

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