Nokia to buy Comptel for $370M as it pushes deeper into carrier software

Nokia, once the world’s biggest handset maker, really wants the world to know that it’s a software company now. And today it made a big acquisition to that end: it is buying Comptel, a company that specialises in building software-based mobile data communications solutions for carriers. Comptel’s software is today in use by more than 300 operators, covering 1.2 customers in 90 countries, and it processes 20% of the world’s mobile data usage daily, with an emphasis on developing markets (it has no customers in North America, for example). Nokia’s offer is to pay €3.04 in cash, valuing Comptel at €347 million ($370 million).

The key thing here is the software element: Nokia’s legacy (and the legacy of other carrier suppliers) has been in “kit” or equipment — the…

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