Nokia to acquire software firm Comptel for $370 million

February 9, 2017

In a move to further focus on software technology, Nokia says it has offered to acquire software company Comptel for some 347 million euros ($370 million).

The Finland-based telecom networks provider says the cash deal is aimed at providing communications and digital services "across physical, virtual and hybrid networks."

Nokia said Thursday that Comptel, an international software company based in Helsinki and a longtime partner of Nokia, processes some 20 percent of the world's daily mobile usage data with more than 2 billion end users.

Nokia has increasingly expanded into technology since becoming one of the leading network providers after last year's purchase of the French-U.S. Alcatel-Lucent.

Nokia, once the world's No.1 , sold off its ailing cellphone division to Microsoft in 2014.

Explore further: Nokia to buy France's Withings in $190 million deal

Related Stories

Nokia to buy France's Withings in $190 million deal

April 26, 2016

In a move to speed its entry into digital health products, Nokia says it plans to acquire the French consumer electronics company Withings S.A., in a 170 million-euro ($191 million) deal.

Nokia makes loss on low demand, costs of Alcatel-Lucent deal

August 4, 2016

Finnish telecom company Nokia Corp. reported Thursday a second-quarter net loss of 665 million euros ($738 million) due to weak demand for mobile networks and the costs of integrating its acquired competitor Alcatel-Lucent.

Nokia reports 766 million euro loss in 2016

February 2, 2017

Telecoms giant Nokia on Thursday said that falling network sales and costs stemming from acquisitions and its integration of Alcatel-Lucent had resulted in a "disappointing" loss in 2016.

Nokia sues Apple for patent infringement

December 21, 2016

Nokia announced Wednesday it is suing Apple in German and US courts for patent infringement, claiming the US tech giant was using Nokia technology in "many" products without paying for it.

Recommended for you

When a defect might be beneficial

February 19, 2019

In the quest to design more efficient solar cells and light-emitting diodes (LEDs), a team of engineers has analyzed different types of defects in the semiconductor material that enables such devices to determine if and how ...


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.